Bank of America Merrill Lynch has tapped its rival wirehouse firms with the hiring of seven new financial advisors representing $813.14 million in client assets under management.
The new hires come from Morgan Stanley Smith Barney, UBS and Wells Fargo Advisors.
In Walnut Creek, Calif., Merrill Lynch has hired Wells Fargo financial advisors Tony Murphy and Lewis Matthews. Together, Murphy and Matthews previously had $342.32 million in assets under management and $1.2 million in annual fees and commissions.
In Harrisburg, Pa., financial advisors Bernard Orbach, Erik Vatter and Matthew Groff have joined from Morgan Stanley Smith Barney. They previously had $225.71 million in assets under management and $2.1 million in annual production.
In Virginia Beach, Va., financial advisor Michael Borza has joined from UBS, where he had $174.25 million in assets under management and $1.01 million in annual fees and commissions.
In Austin, Texas, financial advisor James Wolslager has joined from Morgan Stanley Smith Barney. Wolslager previously had $70.86 million in assets under management and $1.15 million in annual production.
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