Morgan Stanley has hired four new financial advisors into its US Global Wealth Management unit, according to a report in the Wall Street Journal.

Michael Klein, David Sonnenschein, Lawrence Berke and Robert Krut have all joined from UBS to work in the Franklin, Michigan branch, reporting to Seth Barnes, the Detroit Metro manager.

At UBS they are believed to have earned combined commissions and fees of about $3 million and have had assets under management of $378 million.

Morgan Stanley is also reported to have hired Arnold Lederkramer and Jeffrey Wang from Citigroup's Smith Barney business into the Long Island North Shore branch to report to Jeffrey Reiss, the complex manager; they had earned combined commissions and fees over the previous year of $1.78 million and managed assets of about $215 million.