Due Diligence

MSSB Hires FAs with $878 million AUM

The brutal hiring wars between the wirehouses continue. On September 2, Morgan Stanley Smith Barney hired 8 financial advisors away from Wells Fargo Advisors and Merrill Lynch representing $878 million in AUM and $9.5 million in trailing 12 months production.

The three below joined MSSB's Silicon Valley Complex from Wells Fargo, and report to Complex Manager Patricia Benner:

The Keng Teng Team -- Judy Keng and Sue Teng

Combined T12 production: $1.631 million; combined prior AUM: $162 million

Palo Alto office

Shao Te

T12 production: $1.281 million; prior AUM: $105 million

Palo Alto office

The Wong Ng Team -- Jack Wong and Darryl Ng

Combined T12 production: $3.145 million; prior AUM- $289 million

San Jose, CA office

The two FAs below joined MSSB’s Newport Beach, Calif. office from Merrill Lynch and report to Lance Million:

The Bullock Group -- William Bullock and Gayle Bullock

Combined T12 production: $2.43 million; prior AUM- $231 million.

Brandon Hunt

T12 production: $1.01 million; prior AUM: $91 million.

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