STREET MOVES: Morgan Stanley Hires UBS, Schwab Advisers

Annie Gasparro, The Wall Street Journal, July 12, 2010

NEW YORK (Dow Jones)--Morgan Stanley Smith Barney has hired several financial
advisers from UBS AG (UBS) and Charles Schwab Corp. (SCHW).

Robert Seaman, Brian Lippert, Mark Morena and Kent Beal, who were on a
financial advisory team at UBS Wealth Management Americas, have moved to Morgan
Stanley Smith Barney's Canton, Ohio, office. The team brought in about $2
million in commissions and fees over the past 12 months and had roughly $300
million in assets under management at UBS. The team was at UBS for three and a
half years.

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