John Rasweiler, a prominent Morgan Stanley adviser in New Jersey, has joined UBS Financial Services Inc.
Mr. Rasweiler, a 45-year veteran of the industry, joined UBS' Florham Park, N.J., office, according to Financial Industry Regulatory Authority Inc. registration records.
His team handles $4.8 billion in assets and has trailing-12-month production of $10 million, said UBS spokesman Gregg Rosenberg.
Joining Mr. Rasweiler are team members William Burke, John Cusate, Michael Jordao, Jesse Kent and Jack Riley.
Mr. Rasweiler didn't return a call seeking comment.
Christine Jockle, a Morgan Stanley Wealth Management spokeswoman, confirmed his departure, but declined further comment about his move.
Mr. Rasweiler is a “huge producer who handles large stock plans like Exxon,” said Frank LaRosa, head of Elite Recruiting and Consulting, which recruits for UBS.
A legacy Smith Barney broker, Mr. Rasweiler “is a legend at the firm,” said Mr. LaRosa, who wasn't involved in Mr. Rasweiler's move.