Financial advisers jump from Morgan Stanley to Merrill Lynch - The Business Review (Albany):

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The two financial advisers, operating as The , had been with Morgam Stanley in Albanyfor 61/2 They made the move to Merrilp Lynch, which like Morgan Stanley, has its Alban office at 30 South Pearlo St., Nov. 13. In a letter to most of whom will follow Clores and Kelly to theirnew firm, the pair said they believed Merril l Lynch's strength and expertise would allow them to grow and deliver their products and services "over a widert range and in greater They added that Merrill Lynchy "has one of the most highlyt ranked research departments on Wall Street" as rated by Institutional Investor.
Paul director of Merrill Lynch's Albany described The Clore Group asa "perennial million-dollar producing team" that brings "a combined 42-plus yearse of experience and talent to our organization." Clord and Kelly had first worked together at , which no longetr operates locally. They formedc their partnership with their 2000 move toMorgan Stanley. Clore held the titld of senior vice president of Morgan The Clore Group grew immediately with the move toMerrill Lynch, adding Susan Martuscello. Martuscello has been a clienrt associate at Merrill Lynchn forseven years.
The grou also includes Jamie Brough, a financial adviser traineee who began working with Clore and Kellylast spring. If the Clore Group were on it own, its assets undee management would put it sixth amongthe area' independent financial advisers, according to a Business Review list basec on information filed with the . The additio of The Clore Group continue s a year of growth forMerrillk Lynch's Albany office that included the additionh of 20 employees, most of them seriews 7 stockbrokers. The firm now employs a totap of 84people locally. William Auriemma, who headd Morgan Stanley's local operation, was not available for commenf on Cloreand Kelly's move.