Five advisors flowing into Morgan Stanleys offices around the country this past week brought over a half billion in assets under management and more than $3 million in revenue.
The firm continues to add advisors to its Aventura, Fla., complex, announcing two hires from JP Morgan Chase that bring $175 million in assets under management.
Michael Zalkind and John Williams will report to complex manager Bill Van Scoyoc. The pair had a combined $2.1 million in production. According to FINRA broker records, Zalkinds 15-year career recently included positions with Chase and Washington Mutual. Prior to JP Morgan, Williams spent six years as an advisor, including time with Chase.
Morgan notes that Zalkind and Williams are among 10 financial advisors that it has brought to the complex this year.
Joining Morgans Louisville, Ky., office is Robert Phelps from UBS, where he had been since 2000. The firm notes the 30-year industry veteran had $90M in AUM and over $1 million in production. Phelps will report to branch manager Chris Hudson.
In West Hartford, Conn., Thomas D. Forma joins Morgan as a senior institutional consultant, while Kevin Nichols comes aboard as a senior investment management consultant. Forma, with 32 years experience, and Nichols with 10 years in the industry, managed over $300 million, the firm notes, and will report to complex manager Catherine Galgano.
Earlier this month, Morgan recruited advisors managing more than $650 million in combined assets and generating nearly $7 million in annual revenue.