HighTower Advsiors LLC, an independent adviser-owned firm that has expanded by hiring away from top U.S. brokerages, said it has hired a team of veteran advisers from the Guth Group at Morgan Stanley to expand its presence in Columbus, Ohio. The team, known as Gryphon Financial Partners, managed about $600 million in client assets at Morgan Stanley.The team comprises of financial advisers Joel Guth, Cathy Cory, Angelo Manzo, Judy Roseberry, Maria Caicco, Jean Sturges and Kathy Payne.A Morgan Stanley spokeswoman said she could not immediately comment on the departures. (Reporting By Neha Dimri in Bangalore; Editing by Joyjeet Das)
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 2.02% or $-0.62/share to $30.07. In the past year, the shares have traded as low as $22.78 and as high as $33.52. On average, 12973500 shares of MS exchange hands on a given day and today's volume is recorded at 11958167.
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