$330 Million Morgan Stanley Duo Boomerangs Back to Merrill
Two advisors who managed $330 million in client assets at Morgan Stanley have come back into the arms of Mother Merrill.
Jeremy Newton and Stephen Lamb, who began their careers at Merrill Lynch before joining Morgan Stanley in 2008, returned to their alma mater in Houston on March 11, according to a press release from Merrill Lynch.
Generating around $2.5 million in annual revenue, the brokers joined with three junior advisors — or what the press release calls “team financial advisors.” Sean McCullough and Laura Philmon had been with Newton and Lamb at Morgan Stanley while John Yambao joined from Wells Fargo Advisor’s Houston office.
Lamb joined Merrill Lynch in 1984 in the Houston suburb of Sugarland, according to BrokerCheck. Newton began his career at Merrill in 2000 and left in 2008 to open an office for Morgan Stanley in downtown Houston, according to the press release.
The team report to Hong Ogle, Merrill’s downtown Houston complex manager. A spokeswoman for Morgan Stanley confirmed the departures but declined further comment.