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November 22, 2009 6:01 am ET
When it comes to providing financial advice to athletes, Morgan Stanley Smith Barney LLC is relying on a little inside baseball to gain an edge in this ultracompetitive sector of the wealth management market.
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The head athletic trainer with the Cincinnati Reds, Mark Mann, is leaving his job to join the company as a financial adviser.
Mr. Mann, who's been the head trainer with the Reds since 2003, will train as a financial adviser for three years and get his license. He'll then work with Morgan Stanley clients who are current and former Major League players, according to an article on the Major League Baseball website.
“They felt like I was a very good conduit to future business,” Mann told MLB.com “They brought me here because of my relationships in baseball.”
Mr. Mann said the move will allow him to spend more time with his wife and two sons. He will remain with the Reds to help with the off-season transition through the end of this year, the article noted.
A spokeswoman for Morgan Stanley confirmed that Mr. Mann will join one of Morgan Stanley's regional offices in Cincinnati, and said that the training period is 36 months, but would not comment further.
Mr. Mann was not available for an interview.
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