Advisers Rick Hughes, Harry Greenberg, Shawn Senior and Daniel Silverberg joined Morgan Stanley Smith Barney in Mt. Laurel, New Jersey, on Friday. They generated roughly $6 million in revenue last year.
He will develop and implement advanced planning strategies for clients, including preservation of capital, tax minimization and lifetime cash flow needs.
The US M&A and Capital & Debt Advisory team helps corporations and private equity firms improve their competitive position through Ernst & Young LLP's affiliated registered broker-dealer, Ernst & Young Capital Advisors.
Roy Kim, who traded adjustable-rate mortgages, left on his own accord with a similar exit deal, the people said.
Smith joined Pennsylvania-based Fulton Bank, the company’s flagship bank, as director of Human Resources in 1978.
Mr. Serventi, age 61, currently serves as Operating Partner at Summer Street Capital Partners, LLC, a private equity firm, and is the President of West Lake Management, an asset management firm.
Safran will join from Citigroup where he has spent the last 24 years, originally joining Smith Barney in 1988. Since 2011, Safran has been Chairman of the Energy, Power and Chemical groups and Vice Chairman of Global Banking. Previously he was Global Head
"They bring a lot of tenure to the firm," said John Mabee, vice chairman of Baird's private wealth management group.
He once ran the bank’s U.S. power-trading business, left earlier this week, said the person who asked not to be identified because the information is private.
The Aiken office is located at 401 Park Avenue, SW, Suite B, Aiken, SC 29801, and can be reached by calling 866.909.4602.