Morgan Stanley Smith Barney has appointed James J. Tracy as chief operating officer of distribution and development, wealth management in the US.
His responsibilities will include business development, professional development, talent management and national branch services.
Tracy will report to Andy Saperstein, head of wealth management in the US.
"In a career spanning over 25 years, Jim Tracy has demonstrated outstanding leadership in all aspects of wealth management,” says Saperstein. “He helped build the industry’s leading investment advisory business and is committed to helping financial advisors achieve the highest levels of professional development. I look forward to working with him as we continue to build Morgan Stanley Smith Barney."
Tracy most recently served at Morgan Stanley Smith Barney as head of the consulting group. Previously he led national sales, professional development, marketing and recruiting for Citigroup’s global wealth management division, including the former Smith Barney. He began his career as a financial advise, and has served as a sales manager, branch manager and regional director.
Tracy is serving as 2010 chairman of the Managed Money Institute.