MS · News · 20261106N

Wealth Management Growth

MORGAN STANLEY · 2026-11-06 · Importance 20 · Surprise 24

A Merrill Lynch team managing nearly $6 billion in assets moved to Morgan Stanley in Newport Beach, California, earlier this week. The Barnett, Coon, Armitage, Leach and Moore Group includes five lead advisors, two additional advisors and support staff. The move continues a reported trend of advisors leaving Merrill Lynch for Morgan Stanley and has boosted Morgan Stanley’s advisor recruiting loan totals; the article does not quantify those loans.

Key facts

• The Island Harbor Group at Morgan Stanley, based in Melville, New York, manages over $1.8 billion in assets. source
• The Island Harbor Group at Morgan Stanley offers comprehensive, team-based wealth planning. source