Bolton Global Capital has strengthened its international advisor network with yet more hires from Morgan Stanley Wealth Management.
Dante Neyra and Conny De La Torre (pictured) joined independent broker-dealer and RIA this week and formed their own team – the Neyra & De La Torre Group – which caters to high net worth clients from Latin America and Europe, the group announced Tuesday.
The pair will be based out of Fort Lauderdale, Florida and previously oversaw $200m in client assets at Morgan Stanley, according to Bolton.
‘The arrival of Dante and Conny to Bolton Global Capital is another testament to our firm’s successful efforts in recruiting top financial advisors. Many of their client relationships extend back three or more generations, which is a true testament to their professionalism and the trust their clients place in them,’ said Michael Averett, Bolton’s head of business development.
The duo has been working together for 10 years, having first met in 2013 when De La Torre began her career at Merrill Lynch before they both joined Morgan Stanley the following year.
Neyra has more than three decades industry experience and had spent 15 years at Merrill Lynch before moving to Morgan Stanley with De La Torre in 2014.
Bolton is one of the wealth management firms that has been most actively recruiting international advisors from Morgan Stanley over the past few months. So far this year, the group has has hired five advisor teams from Morgan Stanley with total client assets of $800m, Bolton said.
The firm’s recent recruits include Ivan Palacino, $100m advisor Sergio Sotolongo, 17-year industry veteran Eduardo Cadenas, and $300m Miami-based advisor Ernesto Cucalon.
Since the start of the year, around 30 of Morgan Stanley’s international advisors have left for rivals such as UBS, Insigneo, Bolton and Raymond James, among others.
Among the main reasons for their departure has been recent new client account restrictions imposed by the wirehouse, which includes raising minimum requirements for accounts coming from Panama and Bolivia, among others.
