High-net-worth brokers Ken Moffet, Tom Bres and Drew Anton moved to Morgan Stanley's private wealth management group in the firm's Houston office, according to sources. The three come over from Goldman Sachs. Moffet was a 16-year veteran of that firm; Bres was with the firm for four years; and Anton had been with Goldman for a year.
It's not just current hockey players who are looking for something to do in the wake of the NHL lockout. Former Philadelphia Flyers left winger Brian Propp has joined New Jersey-based Harbor Lights Financial Group. The firm has not given him a title — he is still getting licensed — except to say he is “joining their team.” He also served as an announcer for the Flyers.
Louisville, Ky.-based Hilliard Lyons has hired former top Morgan Stanley producer Michael Acho. Acho was a first vice president for Morgan in its Birmingham, Mich., office. He has been in the securities business for 11 years.
Atlanta-based StillPoint Advisors, a high-net-worth and family-office firm, has swiped a Merrill Lynch team to head up its office in Little Rock, Ark. The head of the team is Chris Collier, and he brings over six other Merrill professionals, including three executives: Mike Arthur, Jim Alguire and Matt McDaniel. The acquisition, according to the firm, makes it one of the 10 largest family offices in the country.
Schwab Institutional continues to hire, grabbing Bob Ciullo from UBS Financial Services. He will serve as the business-development officer in the firm's Washington, D.C., office. He also has worked for First Union National Bank and Equitable Life. His focus will be on affluent investors.