Morgan Stanley has snapped up five advisors in the past few weeks who generated more than $6 million in annual revenues at rivals Merrill Lynch, Wells Fargo and J.P. Morgan.
Linda Goodson, a 19-year industry veteran, signed on with the wirehouse's Palm Harbor, Fla. office on July 3. Goodson left her post at Wells Fargo and will report to Morgan Stanley branch manager Terry McCoy. Goodson managed $110 million in her previous position, generating $1 million in annual revenue.
Advisor duo Richard Duffy and Russell Kwok joined Morgan in Los Angeles from J.P. Morgan Chase on June 24. Senior member Duffy boasts more than 20 years in the securities industry. The team generated a combined $3.5 million in annual revenue. They will report to complex manager Gregory Laetsch.
Brian Purcell joined Morgan Stanley's Santa Rosa, Calif. office on June 26. Purcell has 9 years of industry experience and will be reporting to complex manager George Shick. In his previous position, he generated $1.3 million in annual revenue and managed $115 million in client assets.
Dante Neyra left Merrill Lynch to sign on with Morgan's Ft. Lauderdale, Fla. Offices on June 27. Neyra, a 25-year industry veteran, will report to branch manager Mark Boersma. Neyra generated over $1 million in annual revenue while with Merrill Lynch.
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