UBS gains adviser with $4.8B

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.

Team members

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.