Morgan Stanley loses $628 million team to Merrill Lynch

A four-person adviser team that managed $628 million in assets at Merrill Lynch has left Morgan Stanley to join the Paramus, N.J., office of Merrill Lynch. Advisers Thomas Reichert, Paul Lotito, Eric Aiello and Lindsay Reichert operate as the RLA Group, along with client associates Miriam Gentile and Tracy Hughes, who came with them. Mr. Reichert has more than 39 years of experience in the financial services industry, having started his career at PaineWebber in 1977. From 1980 to 1982 he was with Merrill Lynch, and spent the next 25 years with UBS. He joined Morgan Stanley in 2008. Mr. Paul Lotito was with UBS from 1990, when he began his career, to 2008, when he joined Morgan Stanley. Mr. Aiello began his career at UBS in 2000 and moved to Morgan Stanley in 2008. Ms. Reichert began her securities career at Morgan Stanley in 2010.