Three Morgan Stanley Smith Barney brokers are joining Bank of AmericaMerrill Lynch and UBS, Reuters reports. David Massey will be joining Merrill Lynch in its Carlsbad office.
The other two executives, Matthew Meyer and Christian Stout will be based in Tucson, Arizona, office of UBS. At Morgan Stanley, Massey saw $1 billion in assets under management, while Meyer and Stout managed $133 million in assets.
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