People Moves

Morgan Stanley Hires Wealth Advisors In US From Rivals

Tom Burroughes Editor London February 20, 2009

Morgan Stanley Hires Wealth Advisors In US From Rivals

Morgan Stanley's global wealth management group recently hired seven financial advisors from rivals, including Dean Trindle, a high-producing broker who had $6 million in trailing 12-month production, WealthBriefing can confirm.

The advisors joined Morgan Stanley last week. Mr Trindle, who leads the Trindle Wealth Management Team, managed $500 million in client assets. The group left Merrill Lynch Global Wealth Management, a unit of Bank of America and joined Morgan Stanley's Cincinnati office, where it will report to Michael Quin, the office manager.

Mr Trindle was on Barron's recent list of the top 1,000 financial advisors in the US and was ranked fourth in Ohio. He was also 62nd in the financial weekly's 2008 list of the top 100 financial advisors from brokerages and banks in America. The list, published in April, was identified by the Winner's Circle Organization, a Florida-based consulting firm acquired by Barron's in September.

Before joining Morgan Stanley, Trindle was a 30-year veteran of Merrill Lynch, according to Financial Industry Regulatory Authority records.

Meanwhile, Evan Steinberg and Todd Forman joined Morgan Stanley's Park Avenue branch in New York from UBS Wealth Management US. The team had over $4.5 million in combined production and $682 million in assets under management.

Mr Steinberg worked at UBS for more than eight years, while Mr Forman spent six years there, according to Finra records.

In Los Angeles, Sean Richardson and Max Lile joined Morgan Stanley from UBS. The team, which reports to Randall Hammond, office manager, had $1.1 million in combined production and managed $136 million in prior assets.

Mr Richardson and Mr Lile each worked at UBS for more than five years.

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