The brutal hiring wars between the wirehouses continue. On September 2, Morgan Stanley Smith Barney hired 8 financial advisors away from Wells Fargo Advisors and Merrill Lynch representing $878 million in AUM and $9.5 million in trailing 12 months production.
The three below joined MSSB's Silicon Valley Complex from Wells Fargo, and report to Complex Manager Patricia Benner:
The Keng Teng Team -- Judy Keng and Sue Teng
Combined T12 production: $1.631 million; combined prior AUM: $162 million
Palo Alto office
Shao Te
T12 production: $1.281 million; prior AUM: $105 million
Palo Alto office
The Wong Ng Team -- Jack Wong and Darryl Ng
Combined T12 production: $3.145 million; prior AUM- $289 million
San Jose, CA office
The two FAs below joined MSSB’s Newport Beach, Calif. office from Merrill Lynch and report to Lance Million:
The Bullock Group -- William Bullock and Gayle Bullock
Combined T12 production: $2.43 million; prior AUM- $231 million.
Brandon Hunt
T12 production: $1.01 million; prior AUM: $91 million.