Wirehouses gained and lost several standout recruits during a busy start to the year in On Wall Street's
latest roundup of adviser moves.
Leading the latest career moves is a Wells Fargo team that oversaw $1 billion in client assets, which jumped over to HighTower. The wirehouse also saw an advisory group with $341 million in AUM join Benjamin Edwards.
Meanwhile, Merrill Lynch grabbed an adviser with $850 million in assets under management from Morgan Stanley, as well as a team overseeing $466 million in AUM from UBS.
But Merrill also had defectors, including an adviser who oversaw $500 million in client assets and a five-member team that made more than $9 million in revenue, both which signed on with First Republic.
And in perhaps the most unusual recruiting move, a broker who joined Merrill Lynch in September from Morgan Stanley decided to go back to the wirehouse after only four months.
To learn more about these adviser moves and others, click through our slideshow. For a look at our previous roundup, see Advisers on the move: Merrill Lynch loses $440M team to Raymond James