As Morgan Stanley Smith Barney continues to streamline its financial advisor force with more possible cuts ahead, the firm has hired three new advisors from Charles Schwab and UBS.

In San Francisco, Morgan Stanley Smith Barney has hired Charles Schwab financial advisor Peter Chen. Chen previously had $1.57 million in fees and commissions and $170 million in assets under management. He has been registered with the firm since June 6, according to the Financial Industry Regulatory Authority, and reports to Branch Manager John Delahaye.

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