Morgan Stanley Hires Wells Complex Manager for Seattle Post
Morgan Stanley has hired a complex manager from Wells Fargo Advisors in Oregon to help oversee the main branch of its three-office Seattle complex.Curtis Mason was one of two Wells complex managers in Oregon, overseeing around 50 advisors at three offices, he said. At Morgan Stanley, he will be an associate complex manager with a broader remit, helping to oversee about about 190 brokers.
Mason, who joined Morgan Stanley on Friday, reports to complex manager Alex Burlingame, who manages the Seattle branch and oversees other managers in Olympia and Tacoma, according to a company website.
“This gives me the opportunity to work with a very strong market and strong leader, and I can be an understudy and figure out what success looks like here at Morgan Stanley,” Mason said.
The shift continues a merry-go-round of management changes at Morgan Stanley and other big brokerage firms as they seek to restock their leadership benches following retirements and departures.
Exits have accelerated as firms change branch manager job descriptions to focus more on retaining veteran brokers and implementation of more centralized policies, and less on recruiting.
Mason replaces Brent Gray in the Seattle associate complex role. Gray shifted in June to manage a Seattle branch as well as another in Bellingham and Silverdale. He replaced Ron Elzig, who retired in April after a 28-year brokerage career, according to a Morgan Stanley spokeswoman.
Mason, a 1992 graduate of Virginia Military Institute who served in the U.S. Marine Corps, joined Merrill Lynch in 2001 for a one-year stint, and re-upped as a rep with First Citizens Investor Services in Charlotte in 2006 before joining Wells Fargo in 2008, according to his BrokerCheck history.
He moved into management in 2014, serving as an associate manager in Charlotte, N.C. and assumed the Oregon complex position in June 2016.
Wells Fargo recently cut the number of its complexes by about 15% as part of a corporate-wide expense campaign, and has subsumed its “wealth brokerage services” group of bank branch-based brokers into the broader “private client group” of freestanding brokerage offices.
A spokeswoman for Wells did not return a request for comment on Mason’s departure oron whether he will be replaced.