Merrill Lynchs ultra high net worth business, the Private Banking and Investment Group, has snapped up two Morgan Stanley Private Wealth Management advisors in Houston, Texas.
Craig Massey and Mike Schmidt have been registered with the firm since April 19, according to their public registration records with the Financial Industry Regulatory Authority. Together, they oversaw $1.1 billion in client assets and had $3.5 million in fees and commissions.
Both Massey and Schmidt joined Morgan Stanley in 1998 from CIBC Oppenheimer, their registration records show.
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