A former Morgan Stanley advisor who allegedly shot his business partner inside one of the firm’s branches has died, according to an obituary.
Leonard Bernstein, 90, was arrested last month for the shooting.
“At the end of Leonard’s long and exemplary life, he unfortunately struggled with mental health issues,” according to the obituary in The Oklahoman.
Bernstein passed away on July 28, according to the obituary. His family requests that in lieu of flowers, donations be made to either the Oklahoma Medical Research Foundation for Diseases of Aging or a facility that deals with mental health issues.
Bernstein was a sailor in the U.S. Navy and beginning in the 1950s started and sold businesses focused on stereo equipment before changing professions in the 1990s to become a broker — a career he continued until July of this year, the obituary states.
His “traits included charisma, a quick wit, a great sense of humor, extreme intelligence, an avid reader of the classics and Greek history, a passionate interest in art, a sophisticated knowledge of classical music, a love for travel, a great athlete (he won many awards playing handball and then took up tennis), a great conversationalist, a mentor to many, a donor to the community, and a family man,” according to the obituary.
Bernstein was married to his first wife, Esther, for over 25 years and had three children with her, the obituary states. He married his second wife, Dianne, in 1983, becoming the stepfather of her two children, and the couple were married until his death, the obituary adds.
He is survived by his wife Dianne, three children, two stepchildren, a grandson, a step-grandson and more than 100 cousins, according to the obituary.
Shortly after the shooting in early July, Morgan Stanley fired Bernstein and sought a temporary restraining order to bar him from the company’s offices and from contacting former colleagues.
Bernstein allegedly showed up at the Morgan Stanley offices at the Waterford business complex in Oklahoma City and shot Chris Bayouth in the torso, back, leg and foot, Bloomberg reported, citing the Oklahoma City Police Department.
Bayouth was hospitalized, and the police later apprehended Bernstein after he left the office. Bernstein was charged with shooting with intent to kill and released on a $50,000 bond.
The shooting was entirely out of character for Bernstein, according to an advisor who worked with Bernstein from 1994 to 2004, who declined to be named. That advisor had speculated that Bernstein was subject to a sunset deal, in which he was being removed from client accounts, while simultaneously experiencing cognitive decline.
“Folks who start to lose their cognitive level, there’s a symptom of agitation when dealing with things that don’t make them happy and another one is paranoia,” the advisor previously told FA-IQ.
Morgan Stanley gave no comment in response to questions about whether Bernstein and his business partner were involved in a sunset deal and whether anyone had ever suggested that Bernstein might be experiencing cognitive issues.
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