Hilliard Lyons, the Kentucky-headquartered wealth manager, has hired Robert Bernardin as a senior vice president for its Evansville, IN, office.

Bernardin joined from Morgan Stanley, where he oversaw some $300 million in client assets, and has been in the industry for 30 years.

“I’ve known Robert for more than 30 years and I have great respect for his integrity and professionalism,” said Jim Allen, chief executive of Hilliard Lyons.

Earlier this week reports emerged that senior private wealth advisors have left Morgan Stanley’s brokerage operation in California, potentially taking over $6.5 billion in client assets. Rebecca Rothstein and Palmer Murray left separately this month, Reuters reported, adding that the US firm has been the target of rival businesses looking to recruit advisors concerned about technology problems and other issues stemming from the wealth management joint venture with Citigroup.