Morgan Stanley lost a team of experienced financial advisors to boutique wealth management outfit William Blair, according to William Blair.
Eve Ellis and Nikolay Djibankov, who operate as the Matterhorn Group, have joined William Blair’s New York office, the company says in a press release. The pair offer financial and philanthropic planning for individuals, businesses and nonprofit institutions and oversee two actively managed investment mandates aimed at promoting diversity, according to William Blair.
Djibankov started his industry career with Goldman Sachs in 2008 and came to Morgan Stanley in 2012, according to BrokerCheck.
William Blair offers private wealth management services along with investment management and investment banking, the company says. As of the end of 2019, the company managed around $44 billion from more than 20 offices around the world, according to the press release. William Blair is also looking to expand to Southern California, Colorado and other “select markets,” the company says.
Morgan Stanley, meanwhile, has been losing advisors to rivals for months. This year, it’s already lost several advisors to Janney Montgomery Scott and Rockefeller Capital Management, which is run by Gregory Fleming, former president of Morgan Stanley and Merrill Lynch. Previously, Morgan Stanley ended 2019 with 15,468 wealth management representatives, which was 226 fewer than it had at the end of 2018.