Also, Merrill gained teams with $1.5 billion in combined AUM,
J.P. Morgan saw a team managing $1.2 billion in AUM go independent. The firm, however, wasn't alone seeing recruits exit the employee advisory channel. UBS had a team managing $425 million in client assets go the route of independence as well.
Meanwhile, Merrill Lynch nabbed teams from Morgan Stanley and UBS that managed $1.5 billion in client assets collectively. Morgan, in turn, hired teams from Merrill and Credit Suisse who oversaw $850 million in combined assets.
See these and all the latest recruiting moves by clicking through our slideshow.