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Others Exit MSDWA flight to better compensation seems to be the reason six producers, including one said to one of the firm's top producers, have left the Boston office of Morgan Stanley Dean Witter since the beginning of the year. The chief beneficiary of the exodus is Prudential Securities. A source estimates that the former MSDW brokers took with them a combined $2.3 billion in assets under management and production of more than $4 million.
July produced the biggest losses for the MSDW branch at 125 High Street. Four brokers left, including Brian Hunter, who reportedly has $2 billion under management (about...