People Moves

Morgan Stanley Wealth Management Adds $460 Million With Three Advisor Hires

Eliane Chavagnon Reporter May 8, 2013

Morgan Stanley Wealth Management Adds $460 Million With Three Advisor Hires

Morgan Stanley Wealth Management has appointed three financial advisors - with combined client assets of $460 million - in New York, Arkansas and Florida.

In Mount Kisco, NY, Paul Bagnato - with production of $1.7 million on $165 million in client assets - joins from Wells Fargo and reports to Mark Willis, branch manager.

Alissa Carloss joins in Jackon, TN, from Stifel Nicolaus. Her annual production is around $1 million on $135 million in client assets.

Carloss reports to John Terry, complex manager in Little Rock, AK. Her father, Terry Nance, also joins her team as a consulting group analyst.

Meanwhile, according to Reuters, Robbie DeRooy has joined Morgan Stanley in West Palm Beach, FL, from UBS Wealth Management Americas.

DeRooy has worked in the financial advice industry for over 30 years and was a senior vice president at UBS, where he managed some $160 million in client assets and generated production of about $1.2 million, the report said.

Morgan Stanley also expanded its advisor force in California and Florida at the end of April, with hires from Deutsche Bank and Merrill Lynch.

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