Family Office
Boutique brokerage brings in wirehouse recruiter

Detwiler Mitchell seeks to attract disaffected Wall Street representatives. Former Morgan Stanley branch manager Bradford Kimball joined the private-client group of Boston-based brokerage Detwiler, Mitchell, Fenton & Graves (DMFG) as a managing director. He'll be responsible for recruiting and directing sales for DMFG's Boston and Meriden, Conn., offices.
DMFG is a subsidiary of technology-market research firm Detwiler Mitchell.
Best and brightest
"We are delighted to have Brad join our company and we look forward to adding many more wealth advisors to our platform under Brad's leadership," says Peter Fenton, CEO of Detwiler Mitchell. "With his extensive experience and knowledge of the wealth management business, I think Brad will position DMFG to be the new boutique firm of choice for independent thinking wealth-management professionals seeking to extract themselves from large financial-management companies."
DMFG's private-client group certainly seems to have room to grow. Right now, according to Detwiler Mitchell's website, it has only 11 advisors.
Kimball spent 17 year with Morgan Stanley, ultimately as manager of its Manchester-By-The-Sea, Mass., office. Morgan Stanley named him recruiter of the year for its northeastern U.S. region in 2005.
But now he says that boutique firms like DMFG offer "Wall Street's best and brightest financial advisors" more independence and an opportunity to "have a meaningful impact on their career and [on] the financial performance of their company."
In addition to its offices in Boston and Connecticut, DMFG has an office in New York. -FWR
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