This publication brings latest news of moves in the wealth management industry.

Morgan Stanley financial advisors Mike Anderson, Gray Howard and Mike Hicks have formed a wealth management team in Charlotte, North Carolina.

The team, known as Harbor Oak Group, will be based in Morgan Stanley's South Park office in Charlotte, with a satellite office in Asheville, NC. They will supported by client service associates Sheila Waldrop and Tiffany Sims.

Harbor Oak will focus on customized portfolio management strategies, with a concentration in small business financial solutions and retirement income planning. 

Anderson focuses on retirement income planning, while Howard focuses on developing long term plans for business owners. Both will serve as co-portfolio managers for the team’s equity and fixed income strategies. Hicks focuses on financial planning for families and individuals.

In the first quarter of this year, Morgan Stanley Wealth Management generated a pre-tax income from continuing operations of $786 million, down from $855 million a year earlier.