People Moves
Merrill Lures US Advisors From UBS, Wells Fargo - Report

Merrill Lynch Global Wealth Management, part of Bank of America, has hired four UBS financial advisors and two brokers from Wells Fargo Advisors in the US, according Dow Jones. The report comes shortly after reports that a team of advisors had left Merrill, highlighting the two-way flows seen in recruitment by that company.
Timothy Hickman, John Haselton, Jason Patrick and Robert Anderson will join Merrill Lynch from UBS, the news agency said. Mr Hickman, who joined Merrill Lynch’s Houston office, had previously had $3.2 million in production and managed $360 million in client assets at UBS, where he worked for 14 years.
Mr Haselton, Mr Patrick and Mr Anderson, also from UBS, where they had $1.5 million in production and $212 million in assets, will join the Cool Springs office in Tennessee, according to the report.
Mr Jackson and Mr Miller, who previously worked at Wells Fargo Advisors, will join the Birmingham, Alabama office of Merrill Lynch. They are reported to have had $2.5 million in production and managed $311 million in assets.
WealthBriefing was unable to obtain confirmation of the report at the time of publication.
Earlier this week, it was reported that a team had left Merrill Lynch's wealth unit. Those departures include Tom Lee, head of product origination; Steven Houston, head of product sales, and Paul Morton, head of stock and bond sales - trading. All three reported to Mr Cox, whom the company expects to replace soon.
Bank of America's purchase of Merrill Lynch at the end of last year has created the world's largest wealth management firm by size, surpassing UBS, although the Swiss firm arguably remains the biggest international player.