JPMorgan Securities Hires $550 Million Team From Morgan Stanley

By Dan Anderson ● February 4, 2020
  • JPMorgan Securities has hired a team of 3 advisors managing over $550 million in combined client assets from Morgan Stanley

JPMorgan Securities has hired a team of 3 advisors managing over $550 million in combined client assets from Morgan Stanley, according to Advisorhub. This new team will be joining JPMorgan after a reorganization of the company’s wealth management business headed up by Kristin Lemkau.

The wealth unit has about $400 billion in total assets under management and about 4,000 advisors working out of 3,500 branches and 21 offices. The team — which includes David Rowe and father-daughter team Robert Bregman and Kate Bregman — previously worked at Morgan Stanley.

Rowe was not part of the Bregman team at Morgan Stanley. And Robert Sheriff, a senior advisor on the Bregman team, is going to stay at Morgan Stanley.

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“The firm’s range of investment products and services will help us give our clients a leading edge in wealth planning,” said the team in a joint statement via OnWallStreet.

Rowe started his career in 1982 and previously worked at firms like Merrill Lynch and Prudential Securities. And Rowe originally joined Morgan Stanley in 2003.

The senior Bergman started his career in 1990 at Bear Stearns. Then he switched to Smith Barney in 2008 (acquired by Morgan Stanley). And his daughter joined him at Morgan Stanley in 2012.