Duo managing $1.1 billion at Morgan Stanley moves to J.P. Morgan

Duo managing $1.1 billion at Morgan Stanley moves to J.P. Morgan
Mark Donohue will be based in Palm Beach Gardens, Florida; Gordon Sommer in New York
MAY 14, 2021

Mark Donohue and Gordon Sommer, who managed $1.1 billion at Morgan Stanley, have joined J.P. Morgan Wealth Management.

Donohue will work in Palm Beach Gardens, Florida, along with two associates, and Sommer will be based in New York.

Donohue, who had been with Morgan Stanley for nine years, started his securities career in 1982. Sommer had also been with Morgan Stanley for nine years and started his securities career in 1981.

Latest News

Fed's Waller in favor of rate cutting if tariffs drive job losses
Fed's Waller in favor of rate cutting if tariffs drive job losses

Separately, Cleveland Fed President Beth Hammack said the central bank could make a move by June if data show a clear economic trajectory.

Kestra adds $2.4B in Q1 recruitment assets
Kestra adds $2.4B in Q1 recruitment assets

After onboarding 26 new advisors in the first three months of 2025, the independent wealth platform is looking forward to continued momentum in Q2.

Jury finds Massachusetts advisor liable for annuity disclosure shortfalls
Jury finds Massachusetts advisor liable for annuity disclosure shortfalls

The SEC hailed the verdict against the investment advisor, who the agency said breached his fiduciary duty to retired and pre-retiree clients.

Broker or bookie? Robinhood's mix of betting, investing concerns advisors
Broker or bookie? Robinhood's mix of betting, investing concerns advisors

As Robinhood bets on prediction markets, advisors are skeptical of the app's push into the RIA custody and wealth management services.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.