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LPLA ETFS 2x Daily Long Platinum

1.6446
0.0246 (1.52%)
Last Updated: 16:12:32
Delayed by 15 minutes
Name Symbol Market Type
ETFS 2x Daily Long Platinum BIT:LPLA Italy Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.0246 1.52% 1.6446 1.6422 1.6466 1.666 1.63 1.6482 119,207 16:12:32

STREET MOVES: MSSB Hires Merrill Lynch, Wells Fargo, UBS Teams

21/08/2012 5:45pm

Dow Jones News


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   By Corrie Driebusch 
 

Morgan Stanley Smith Barney has hired away several advisers in recent days from competitors including Bank of America Corp.'s (BAC) Merrill Lynch Wealth Management; UBS AG's (UBS, UBSN.VX) UBS Wealth Management Americas unit; Wells Fargo Advisors, the brokerage unit of Wells Fargo & Co. (WFC); and LPL Financial Holdings Inc. (LPLA).

Altogether, the new additions managed about $1.2 billion in client assets at their prior firms.

Matthew Zaft and Connor McKinney joined Morgan Stanley Smith Barney's Washington, D.C., office where they will report to complex manager Michael Maurer. The Zaft McKinney Group had generated about $1.8 million in annual fees and commissions at Merrill and had $219 million in assets under management.

Mr. Zaft had worked at Merrill for seven years and before that at Wachovia Securities for two years, according to regulatory records. Mr. McKinney had been employed at Merrill for a little less than two years, the records showed.

Christopher Agnew, Gary Hewitt and Darrell Henricksen joined Morgan Stanley Smith Barney's Davenport, Iowa, office from Merrill. The team, which managed more than $300 million, will report to branch manager Nathan Stoffregen.

Mr. Agnew had been with Merrill since 1981, according to regulatory records, while Mr. Hewitt had worked at Merrill for more than six years and Mr. Henricksen for 16 years.

Other new hires at Morgan Stanley Smith Barney include Keith Munera and John Wildemore, who joined the brokerage's Berwyn, Pa., office from UBS. The team had a combined production of more than $3 million on client assets of about $315 million. They will report to branch manager Anthony Favoroso.

Mr. Munera was at UBS for eight years, according to regulatory records, while Mr. Wildemore was registered at the firm more than 30 years.

The brokerage also picked up Angel Colina from Wells Fargo Advisors. He will work out of Morgan Stanley Smith Barney's Miami office and report to complex manager Kevin McCarty. While at Wells Fargo he generated more than $2 million in fees and commissions on $240 million in client assets.

He worked for Wells Fargo and predecessor firm Wachovia Securities for about 12 years, regulatory records show.

Mark Ralston of LPL Financial joined the brokerage's Wichita, Kan., office, where he will report to branch manager John Dunlop. His production was $1.5 million on $143 million in client assets.

Mr. Ralston was at LPL Financial for the past four years, according to regulatory records.

Representatives for Merrill Lynch and Wells Fargo confirmed the departures but declined to comment further. Representatives for LPL Financial and UBS were not immediately available for comment.

(Street Moves chronicles the migration of executives on Wall Street, with a particular emphasis on financial advisers with more than $1 million in annual production and who manage more than $100 million in client assets.)

Write to Corrie Driebusch at corrie.driebusch@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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