Morgan Stanley has brought over MM & Associates, an advisory firm based in Boca Raton, Florida. The firm is led by the advisors and managing directors Michael Halperin, Michael Passeroff and Matthew Liebman, according to Barron’s.
Before joining Morgan Stanley, Halperin had spent all 23 years of his career at Merrill. Passeroff started at Citi in 1999 and moved to Merrill in 2008. And Liebman joined Merrill in 1999 after a few months at another firm.
Merrill has repeatedly gone to Morgan Stanely for advisor recruits in recent months. Earlier in October, for instance, Merrill announced it had recruited a team formerly managing $700 million for its Wall Street rival. In September, Merrill said it had brought over advisors formerly managing $2.2 billion for Morgan Stanley.
