From Morgan to Morgan: $3 Billion L.A. Team Takes a Leap
(Corrects second paragraph to say that Aleksandra Kulmaticki remains at J.P. Morgan, and did not move to Morgan Stanley.)
Morgan Stanley’s Avenue of the Stars office in Los Angeles lived up to its street name on Wednesday, reeling in a $3.1 billion team from J.P. Morgan Securities.
The six-person team is led by Antoine Souma, a Morgan Stanley spokeswoman confirmed. The other advisor on his team, Aleksandra Kulmaticki, remains at J.P. Morgan, but four sales associates accompanied Souma.
Souma, 41, joined J.P. Morgan Securities Century Park East office in L.A. in the summer of 2010 — after the banking giant absorbed the collapsed Bear Stearns & Co. and its small retail brokerage unit. He began his career in Beverly Hills at UBS, which he left in 2008 for a two-and-a-half year stint at Deutsche Bank Securities’ Los Angeles office, according to Finra’s BrokerCheck database.
The Souma team—which includes associates Zenia Delgado, Julie Ahn, Ryan Ascencio and Azelia Betancourt—has been absorbed into Morgan Stanley’s high-end Private Wealth Management sector led by Vince Lumia. Brokers at PWM generally focuses on clients with $20 million or more of investible assets.
The team won a Number 76 ranking in Barron’s Top 100 Financial Advisor listing this year, which said it managed around $3.1 billion of client assets at J.P. Morgan. The Morgan Stanley spokeswoman who confirmed Souma’s hire disputed the AUM total but declined to elaborate.
Souma, a graduate of the London School of Economics, did not return a call for comment.
With the Souma team’s addition, Morgan Stanley’s Avenue of the Stars office in L.A. now has 28 advisors, according to a company website.
A spokeswoman for JPMorgan declined to comment.