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Former Morgan Stanley advisers help form new company

Four former MorganStanley advisers have joined wealth management professionals with to launcha company they hope will attract advisers to the independent space.

Former Morgan Stanley advisers Todd Resnick, Michael Mawby, StuartGertman and Bruce Greenwald are now principals for We Are One Seven LLC. They combined to manage about $600million for an estimated 500 clients while working for the investment bank, OneSeven said in a July 7 release.

Also principals are Ronald Gross, Richard Gross and Paul Orchosky.

Resnick is president, and Ronald Gross is CEO, a role he willalso continue to work in for MGO Investment Advisors.

One Seven is headquartered in the Cleveland area with an officein Park City, Utah.