Morgan Stanley Nabs Team With $600M AUM

An advisor team, which oversaw more than $600 million in assets at Merrill Lynch, has left to join forces with Morgan Stanley.

The group, known as Fox, Penberth & Dehn, joined Morgan Stanley’s Mount Laurel, N.J. office effective March 20. Led by advisors Albert Fox, CFP, CIMA, Edward Penberthy, CFP, CIMA and Joseph Dehn, CFP, the team will report to branch manager Richard Maratea.

All three advisors were Merrill Lynch veterans. Fox and Penberthy had worked for Merrill for about two decades. Dehn launched his career there in 1999 and is also a licensed insurance agent in several states on the East Coast.

Fox and Dehn are both graduates of Rutgers University. Penberthy has a degree in economics from Lehigh University.

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