J.P. Morgan Securities recruited two wirehouse teams that managed over $700 million in client assets, a spokeswoman confirmed.

The new recruits joined about a month after the boutique wealth management unit landed a $1 billion team in New York.

J.P. Morgan Securities' advisers primarily target wealthy clients and operate from 18 offices. The firm is now operating under a new CEO, Chris Harvey, who took the helm earlier this year from Greg Quental, who retired.

"Attracting and retaining top advisers is a top priority and we are thrilled to welcome these industry experts to our growing team," Harvey said in a statement.

(Image: Bloomberg News)
(Image: Bloomberg News)

Joining from UBS last week are Brad Hamlin, Brad Fine and Carl Pestelos. They are based in Los Angeles and report to Frank Epinger, regional director.

"Our goal in making this decision was simple: to align ourselves with the very best financial institution on the street for the duration of our careers," Hamlin said.

The team had been with UBS for eight years, and had past experience at Bear Stearns and Smith Barney, according to FINRA BrokerCheck records.

In Boston, J.P. Morgan Securities recruited David Rumrill from Morgan Stanley. He reports to Rick Penafiel, regional director. Rumrill said in a statement that he made the move in part because of J.P. Morgan's resources.

He had been with Morgan Stanley for 16 years.

Spokeswomen for both wirehouses declined to comment on the departures.

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