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Top-Ranked Merrill Lynch Advisor Moves His $3.2 Billion Team to Morgan Stanley

The thundering herd is a little smaller this week.

Dane Runia, a top-ranked advisor at Merrill Lynch, has moved his multibillion-dollar team to Morgan Stanley. It’s a big loss for Merrill and a big gain for Morgan Stanley, which has taken a more aggressive approach to recruiting in recent months.

Runia was featured this year on Barron’s Top…

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