UBS gains adviser with $4.8B from Morgan Stanley
UBS gains a 45-year veteran adviser with $4.8 billion in assets from Morgan Stanley. Dan Jamieson reports.
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’s Florham Park, N.J., office last Friday, according to Financial Industry Regulatory Authority Inc. registration records.
Mr. Rasweiler’s team handles $4.8 billion in assets and has trailing 12-month production of $10 million, said UBS spokesman Gregg Rosenberg.
Joining Mr. Rasweiler were team members John Cusate, Jack Riley, Michael Jordao, Jesse Kent and William Burke.
Mr. Rasweiler did not return a call yesterday.
Christine Jockle, a Morgan Stanley spokeswoman, confirmed Mr. Rasweiler’s 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 legend at the firm,” said Mr. LaRosa, who was not involved in Mr. Rasweiler’s move.
Learn more about reprints and licensing for this article.