Morgan Stanley Smith Barney hires UBS advisers

* Morgan Stanley hires advisers with total $500 mln assets

* Advisers come from UBS and Charles Schwab

NEW YORK, July 12 (BestGrowthStock) – Morgan Stanley Smith Barney
has hired two adviser teams from UBS AG (UBSN.VX: ) (UBS.N: ) and
one adviser from Charles Schwab Corp (SCHW.N: ), representing
over half a billion dollars in client assets combined.

Robert Seaman, Brian Lippert, Mark Morena and Kent Beal
joined the firm’s Canton, Ohio, office from UBS. The team spent
over 10 years at UBS and McDonald Investments, which was bought
by UBS in 2007, according to Financial Industry Regulatory
Authority filings.

The team previously oversaw $292 million in client assets
and generated almost $2 million in annual fees and commissions,
according to a person familiar with their business.

Constantine Kallenekos and John Marino joined Morgan
Stanley Smith Barney’s office in New York, also from UBS. The
team spent four years at UBS, according to FINRA filings.

The pair previously oversaw $127 million in client assets
and generated $1.5 million in annual fees and commissions,
according to a person familiar with their business.

Benjamin Woo joined the company’s San Francisco office from
Charles Schwab. Woo spent almost nine years at Schwab,
according to FINRA filings.

He previously oversaw $140 million in client assets and
generated $1.4 million in annual fees and commissions,
according to a person familiar with his business.

Morgan Stanley Smith Barney is a joint venture between
Morgan Stanley (MS.N: ) (Read more about the money market today. ) and Citigroup (C.N: ).
(Reporting by Helen Kearney, editing by Gerald E. McCormick)

Morgan Stanley Smith Barney hires UBS advisers