Morgan Stanley said it had recently recruited advisors managing nearly $2 billion in client assets.
In two moves, the firm benefited from advisors departing Credit Suisse and Barclays. Those two European firms are exiting the U.S. private client market. Barclays entered into an agreement to sell its U.S. wealth management unit to Stifel Financial, but has seen nearly half of its advisors leave for firms such as Morgan, Merrill Lynch and J.P. Morgan.
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