Merrill Lynch nabs $400M team from Morgan Stanley

Veteran advisers Michael Bromberg and Daniel Gerschel join in New York

By Mason Braswell

Feb 20, 2014 @ 12:15 pm (Updated 2:35 pm) EST

Merrill Lynch Morgan Stanley Advisers on the Move

Bank of America Merrill Lynch has snapped up a former Morgan Stanley duo who oversaw some $400 million in assets.

The two advisers, Michael Bromberg and Daniel Gerschel, have joined Merrill Lynch's New York office.

They previously produced about $1 million in revenue while at Morgan Stanley, according to Merrill Lynch.

Advisers on the Move: Morgan Stanley's 2014 adviser departures

Both are industry veterans.

Mr. Bromberg began his career in 1995 and had been at Morgan Stanley since 2007, according to records with the Financial Industry Regulatory Authority Inc.

Mr. Gerschel started in financial services in 2002 and had been at Morgan Stanley since 2010, records show.

At Merrill Lynch they will report to Michael Simonds, complex manager for the Rockefeller Center Complex.

  @IN Wire

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