Morgan Stanley has recruited a team of financial advisors from UBS for its global wealth management unit in Los Angeles, according to a Dow Jones report. Thomas Murphy and Ari Kalan, who reportedly had around $321 million in assets under management, had combined fees and commissions over the past 12 months of about $1.18 million, according to the report. The pair will report to Cynthia Newman, the Los Angeles complex manager, which has 125 financial advisors in offices in Los Angeles, Valencia, Burbank, Glendale and Santa Monica. Also joining Morgan Stanley are Jamie Rosica and Joseph Rosica who previously worked for Citi's Smith Barney unit since 2000. The two had combined fees and commission over the past 12 months of around $900,000, and combined prior assets under management of about $100 million.