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Compass Real Estate Fund III LLC completes first closing

Compass Real Estate Fund III LLC completes first closing

ROSWELL, Ga. -- Compass Real Estate Fund III LLC (“Compass Fund III”), the third private equity real estate investment fund formed by Compass Real Estate (“Compass”), had its first closing in December 2013. The closing enables the fund managers to begin deploying capital from this fund immediately.

“We have a proven track record of providing co-investment equity for commercial real estate acquisitions, developments and recapitalizations in major markets throughout the United States,” said Robert (“Bob”) F. Godard, founder and chief executive officer of Compass, and the managing member of Compass Fund III. “Our third fund allows Compass to continue our transition from being a successful sponsor to being a source of capital for other successful sponsors. We look forward to finding the right opportunities for our investment capital and to forming long-term partnerships with great sponsors.”

Ron Hart named to Barron’s Top 1,200 Financial Advisors

Ron Hart named to Barron’s Top 1,200 Financial Advisors

ATLANTA -- Morgan Stanley announced today that Ron Hart, Managing Director, Financial Advisor, in the Firm’s Atlanta Wealth Management office, has been named to Barron’s list of America’s Top 1,200 Advisors: 2014 State-by-State.

The “Barron’s Top 1,200 Advisors” is a select group of individuals who are screened on a number of criteria. Among factors the survey takes into consideration are assets under management, revenue produced for the Firm and quality of service provided to clients.

“I am extremely proud that Ron Hart is representing Morgan Stanley Wealth Management on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Atlanta office. “This listing recognizes an elite group of financial professionals who are dedicated to providing clients with exceptional wealth management services.”

Brian Frank named to Barron’s Top 1,200 Financial Advisors

Brian Frank named to Barron’s Top 1,200 Financial Advisors

ATLANTA -- Morgan Stanley announced today that Brian Frank, Managing Director, Financial Advisor, in the Firm’s Atlanta Wealth Management office, has been named to Barron’s list of America’s Top 1,200 Advisors: 2014 State-by-State.

The “Barron’s Top 1,200 Advisors” is a select group of individuals who are screened on a number of criteria. Among factors the survey takes into consideration are assets under management, revenue produced for the Firm and quality of service provided to clients.

“I am extremely proud that Brian Frank is representing Morgan Stanley Wealth Management on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Atlanta office. “This listing recognizes an elite group of financial professionals who are dedicated to providing clients with exceptional wealth management services.”

Graham Roberts named to Barron’s Top 1,200 Financial Advisors

Graham Roberts named to Barron’s Top 1,200 Financial Advisors

ATLANTA -- Morgan Stanley announced that Graham Roberts, Executive Director, Financial Advisor, in the Firm’s Atlanta Wealth Management office, has been named to Barron’s list of America’s Top 1,200 Advisors: 2014 State-by-State.

The “Barron’s Top 1,200 Advisors” is a select group of individuals who are screened on a number of criteria. Among factors the survey takes into consideration are assets under management, revenue produced for the Firm and quality of service provided to clients.

“I am extremely proud that Graham Roberts is representing Morgan Stanley Wealth Management on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Atlanta office. “This listing recognizes an elite group of financial professionals who are dedicated to providing clients with exceptional wealth management services.”

RadioShack to close 1,100 stores

(USA TODAY) -- After reporting dismal fourth-quarter earnings, RadioShack said Tuesday that it would close about 1,100 poorly performing stores, roughly 20% of the electronic retailer's locations.

The store closings will leave about 4,000 locations in the U.S. The company has been struggling to revamp its stores for the past year.

Total net sales and operating revenues were $935.4 million in the fourth quarter, vs. $1,171.4 million last year, a 20% decline. Comparable store sales were down 19%, which the company blames on poor performance in its mobile phone business.

RadioShack stock was down more than 20% in premarket trading.

"Even in this environment, we're continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment, reinvigorating the stores, operational efficiency and financial flexibility," CEO Joseph C. Magnacca said in a statement.

RadioShack to close 500 stores

(ATLANTA BUSINESS CHRONICLE) -- RadioShack scored big points with its comedic 1980s-themed Super Bowl ad that poked fun at the retailer's outdated image, but the mood was more somber on Tuesday when news broke that around 500 stores will close in the coming months.

WATCH | RadioShack Super Bowl ad

The Wall Street Journal says it isn't clear which of the Fort Worth, Texas-based company's 4,300 stores will be closed or when.

The closings are part of a restructuring. Says the WSJ, "The retailer has struggled to reverse a string of losses deepened by a sales strategy focused around smartphones, which failed to improve revenue over the past two years."

Michael Merlin named to 'On Wall Street' magazine's Top Advisors Under 40

ATLANTA -- Morgan Stanley (NYSE: MS) today announced that Michael Merlin, an Executive Director, Financial Advisor in the Firm’s wealth management office in Atlanta, GA, has been named to On Wall Street Magazine’s 2013 listing of “Top 40 Advisors Under 40.”

This listing is a select group of individuals who are 39 years of age or younger, as of December 31, 2013. Individuals are recognized based on their trailing 12-month production (T-12) and assets under management (AUM) as of September 30, 2013. This listing also takes into consideration the overall business mix of practices and adherence to high standards of industry regulatory compliance. Investment performance is not a criterion.

“To be named to this annual listing is an impressive honor, and we are extremely proud to have Michael represent Morgan Stanley on this list,” commented Michael Outlaw, Branch Manager of Morgan Stanley’s Buckhead Wealth Management office.