Despite swirling rumors, Morgan Stanley is in a much stronger position today than the firms that went under during the financial crisis.
The St. Louis firm snapped up a former Morgan Stanley advisor with $114 million in assets.
Morgan Stanley, owner of the world's biggest brokerage, will buy the remaining 35 percent of its wealth-management venture with Citigroup Inc. after winning Federal Reserve approval in the regulator's annual stress test.
UBS' latest hires come after Morgan Stanley hired several UBS advisors earlier this month.
This latest addition follows RBC's hiring of four Morgan Stanley advisors to the new San Diego office in November.
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