January 19, 2011 / 2:55 PM / 8 years ago

Morgan Stanley adds seven advisers

* Morgan Stanley adds 7 advisers with $959 mln in assets

* Two adviser teams come from UBS

* Advisers generate combined $6.7 mln in fees, commissions

NEW YORK, Jan 19 (Reuters) - Morgan Stanley Smith Barney has recruited seven financial advisers with combined client assets of $959 million.

Steven Foote and John Moran joined Morgan Stanley (MS.N) Smith Barney’s office on Fifth Avenue in New York City from independent investment manager Ingalls & Snyder. Foote spent 20 years and Moran spent 14 years at the firm, according to filings with the Financial Industry Regulatory Authority.

The pair previously generated $2.5 million in annual fees and commissions and oversaw $300 million of client assets, according to a source familiar with their business.

Robin Krasny and Mark Lewis joined Morgan Stanley Smith Barney on Park Avenue, New York City from UBS. UBSN.VX (UBS.N)

Krasny spent 11 years and Lewis spent 10 years at the firm, according to FINRA filings.

The pair previously generated $1.7 million in annual fees and commissions and oversaw $310 million in client assets, according to the source.

Craig Greenberg and Joseph McDermott joined Morgan Stanley Smith Barney’s office in Mount Kisco, New York, also from UBS. Greenberg spent nearly eight years and McDermott spent nearly 11 years at UBS, according to FINRA filings.

The pair previously generated $1.1 million in annual fees and commissions and oversaw $144 million of client assets, according to the source.

Adam Leapley joined Morgan Stanley Smith Barney’s office in Westport, Connecticut, from Chase Investment Services, a unit of JP Morgan Chase (JPM.N), where he spent nearly 10 years, according to FINRA filings.

Leapley previously generated $1.35 million in annual fees and commissions and oversaw $205 million in client assets, according to the source. (Reporting by Helen Kearney, editing by Matthew Lewis)

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