Cincinnati shuffle: Mark Man jumps from Reds to MSSB

When it comes to providing financial advice to athletes, Morgan Stanley Smith Barney is relying on a little inside baseball to gain an edge in this ultra-competitive sector of the wealth management market.
NOV 17, 2009
When it comes to providing financial advice to athletes, Morgan Stanley Smith Barney is relying on a little inside baseball to gain an edge in this ultra-competitive sector of the wealth management market. The head athletic trainer with the Cincinnati Reds, Mark Mann, is leaving his job to join Morgan Stanley Smith Barney 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 immediately available for an interview.

Latest News

RIA dealmaking accelerates as three firms hit AUM milestones
RIA dealmaking accelerates as three firms hit AUM milestones

Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing

VastAdvisor closes $1 million SAFE round from advisor-side backers
VastAdvisor closes $1 million SAFE round from advisor-side backers

Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.

Wells Fargo adds three advisor practices as recruiting rebound continues
Wells Fargo adds three advisor practices as recruiting rebound continues

New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.

UBS will pay advisors 'handsomely' for banking starting next year
UBS will pay advisors 'handsomely' for banking starting next year

Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.

SEC accuses Tricolor executives of hiding $800 million collateral hole
SEC accuses Tricolor executives of hiding $800 million collateral hole

How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income