Bank of America Hires $2.5 Billion Adviser From Morgan Stanley
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Bank of America Corp., the lender that moved last year to quell concern that top-performing brokers would defect, recruited a financial adviser from Morgan Stanley who manages about $2.5 billion for clients.
Rebecca Rothstein, who manages money for wealthy investors in Beverly Hills, California, joined Bank of America’s Merrill Lynch unit with her 11-person team on Oct. 19, Matthew Card, a spokesman for the bank, said today in an e-mail. Rothstein was ranked the No. 2 female adviser in the U.S. by Barron’s magazine and worked for Morgan Stanley and Smith Barney since 1999.