Merrill grabs J.P. Morgan team
Two employees from J.P. Morgan Private Bank joined Merrill Lynch as private wealth advisers.
Jennifer Jennings and Donny Wohl, who declined to release their AUM figure, are now operating as Jennings Wohl Group. The duo is based in Ann Arbor, Michigan, according to the team's website. Jennings and Wohl specialize in serving high-net-worth individuals and families, according to the wirehouse.
Prior to Merrill Lynch, Jennings spent six years at J.P. Morgan as a private banker in Michigan. She started her career at Merrill back in 1996 as an adviser in San Jose, California, according to FINRA BrokerCheck. Jennings later moved to Charles Schwab where her LinkedIn profile shows she worked as an investment specialist.
Wohl is entering the advisory force for the first time. He joined the wirehouse after a decade with J.P. Morgan, where he led the investment practice in Michigan as an executive director, Merrill Lynch said. He oversaw 10 investment professionals in that role.
Associate Cynthia Lundberg also moved with the team from J.P. Morgan, according to a spokeswoman.
Jennings and Wohl were hired for their client service and “goals-based wealth management strategy,” said Nathan Marsden, managing director of the Bloomfield Hills-Farmington Hills complex.
As of Sept. 30, the New York-based Merrill Lynch has $2.1 trillion in client assets and 14,552 advisers, according to the company.
A spokeswoman for J.P. Morgan declined to comment on the team’s departure.