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Long-Time Advisor Joins Stifel as Managing Director of Investments in Los Angeles

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A highly experienced advisor, Marc Cohen, has recently made the move from Morgan Stanley to Stifel. With his new role as a managing director of investments, Cohen has set up his office in Los Angeles.

Cohen had been with Morgan Stanley for eight years, working from an office located in Westlake Village, Los Angeles County. When asked to comment on the move, both Cohen and a spokeswoman for Morgan Stanley declined to provide any information.

Throughout his 51-year career in the industry, Cohen has maintained a clean record, with only two customer complaints which he has denied. However, his time at Morgan Stanley was affected by allegations involving his son, Darryl Cohen, and an independent financial planner that his son worked with. It was claimed that they were involved in a fraudulent scheme targeting three professional basketball players, resulting in losses of over $5 million.

For Marc Cohen, joining Stifel marks the sixth firm of his career. He began his journey in the industry back in 1972 with Hayden Stone and later moved to Merrill Lynch after two years. Following a significant 30-year tenure with Merrill, Cohen joined Wells Fargo in 2003 before ultimately transitioning to Morgan Stanley in 2015.

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