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.

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.