Morgan Stanley Hires Three More Advisors From Merrill Lynch, Wells Fargo

Morgan Stanley Smith Barney has hired three financial advisors with $356 million in assets under management from Merrill Lynch and Wells Fargo Advisors.

Processing Content

In Lisle, Ill., Jeffrey Grange and Jeffrey Hollis join from Merrill Lynch, where they had $227 million in client assets under management and $1.2 million in annual fees and commissions. They report to Chicago West-Central Illinois Complex Manager Timothy Byrnes.

In Blue Bell, Pa., Brad Rude joins from Wells Fargo, where he oversaw $129 million in client assets and had $1.5 million in production. Rude reports to branch manager Steve Brettler.

Morgan Stanley previously announced four new financial advisor hires also from Merrill Lynch and Wells Fargo earlier this month.

Lorie Konish writes for On Wall Street.

 

 

 


For reprint and licensing requests for this article, click here.
MORE FROM FINANCIAL PLANNING

Large wealth managers are chasing a multitrillion dollar opportunity to manage more of their clients' assets. But many high net worth investors give their business to multiple firms, whether out of a desire for protection, habit or a need to shop around for the best returns.

4h ago
8 Min Read

The latest projections indicate the main Social Security retirement fund will reach insolvency in less than six and a half years. For retirees and their advisors, that could mean a potential rethink of retirement plans.

6h ago
3 Min Read
Social Security Building Bloomberg

Michael Beloff has helped families with special needs while also understanding how to best take care of his own son with autism. He's grown free outreach into a thriving niche.

11h ago
9 Min Read
Michale Beloff

In a recent industry snapshot, the Investment Adviser Association found the average number of data points advisors have to report in annual regulatory filings has nearly doubled to more than 1,000 since 2011.

June 8
5 Min Read

A technicality in the federal law enacted in July 2025 changed how deductions work for estates and trusts, creating uncertainty over how taxes are allocated after a person's death.

June 8
2 Min Read

Advisor Growth Solutions founder Jeffrey Czajka created a new professional community for early-career advisors at a low price point by the field's standards.

June 8
4 Min Read
Jeffrey Czajka is the founder of Advisor Growth Solutions.