HighTower adds upstate New York Morgan Stanley team

* HighTower adds Tony Morgia and his adviser team

* Morgia spent 16 years with Smith Barney in Syracuse

By Joseph A. Giannone

NEW YORK, Nov 29 (BestGrowthStock) – A team of Morgan Stanley Smith
Barney brokers in northern New York state, the Morgia Group,
last week joined HighTower Advisors, a Chicago firm that is
adding veteran advisers across the United States.

Cataldo “Tony” Morgia on Friday joined HighTower after more
than 40 years on Wall Street, including 16 years at Smith
Barney in Syracuse, New York.

Morgia, along with Michael Morgia and Philip “P.J.”
Banazek, joined Hightower as managing directors and partners,
while Mark Banazek joined as a financial adviser.

According to FINRA records, Morgia also worked 14 years at
Lehman Brothers and began his career in 1968 at Spencer Trask &
Co, a predecessor of Morgan Stanley Smith Barney.

Michael Morgia began his career at Morgan Stanley Smith
Barney in 1988 and is currently the team’s lead equity
portfolio manager. Banazek was previously a senior portfolio
manager at Morgan Stanley Smith Barney.

Morgan Stanley (MS.N: ) (Read more about the money market today. ) acquired control of Smith Barney in
June 2009 as the brokerage’s parent, hard-hit Citigroup (C.N: ),
was eager to raise capital. Since then, hundreds of Smith
Barney brokers have fled to rivals or formed independent
advisory firms.
(Reporting by Joseph A. Giannone; editing by John Wallace)

HighTower adds upstate New York Morgan Stanley team