ON THE MOVE-Morgan Stanley lands four advisers from Edward Jones, UBS

NEW YORK Mon Oct 21, 2013 5:58pm EDT

NEW YORK Oct 21 (Reuters) - Morgan Stanley Wealth Management said on Monday it had hired two financial advisers from Edward Jones and a team of advisers from UBS.

Advisers Ted Bowling and his son Aaron Bowling joined Morgan Stanley's Oklahoma City office from Edward Jones, where they managed $344 million in client assets and generated roughly $1.8 million in annual revenue.

"Ted Bowling was a well-respected, long-time Edward Jones financial adviser who made a significant contribution to his clients and his branch," an Edward Jones representative said.

The company also hired advisers Robert P. Schneider and Paige Abner-Peden from UBS AG's Wealth Management Americas. Schneider and Abner-Peden joined Morgan Stanley's Louisville, Kentucky office.

Both adviser teams joined Morgan Stanley on Oct. 18.

Schneider has been named to Barron's list of top advisers for the past four years. Schneider and Abner-Peden joined Morgan Stanley along with former UBS group administrator Stephanie Valsted and senior registered associate Anne Cheaney.

The team managed $334 million in combined client assets at UBS and produced combined annual revenue of more than $3 million. UBS declined to comment on the departures.

Morgan Stanley Wealth Management, majority owned by Morgan Stanley, is the largest U.S. brokerage by adviser headcount, with a force of 16,517 at the end of September.

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