Morgan Stanley Smith Barney is intensifying its campaign to increase its wealth management and private banking footprint nationally as it hired in New York City and Miami as well as a planned expansion in Charlotte, N.C.

In Charlotte, it expects to hire more than 50 private bankers later this year who will work closely with the company’s financial advisors, a company spokeswoman confirmed. Currently, it has 35 employees in its private banking office in Charlotte.

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