Barclays Continues its Wealth Management Expansion in the US

The Global Financial powerhouse Barclays continues to build up its Wealth Management unit in the U.S. In a statement released today, Barclays says it is adding six Investment Representatives to its Boston, New York and Washington, D.C. offices.

Mitch Cox, Head of Barclays Wealth, Americas, and Head of Research and Investments globally for the firm, said, "Barclays Wealth aims to be the firm of choice for the best wealth advisors" who provide investment advice to high net worth clients. He added that the strategy here is to combine Barclays' global resources and "world-class intellectual capital" with the objective, independent framework of what he calls "a boutique wealth manager."

Four of the new investment representatives, which is what Barclays calls its wealth management advisors come from Morgan Stanley Smith Barney, while one is from Merrill Lynch and another is from Goldman Sachs.

They are Daniel Caso, formerly of Merrill Lynch; Robert E. Miller formerly of Goldman Sachs; and Jorge Carreras, Carlos Molina, Douglas R. Bayer, and Joseph Gilbert all formerly with Morgan Stanley Smith Barney.

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