Merrill Lynch Global Wealth Management, part of Bank of America, has recently recruited two teams of financial advisors from UBS for its offices in Houston, Texas and Atlantic City, New Jersey.

William Rovere and Stuart Winn, who had both worked for UBS Wealth Management for over eight years, joined Merrill Lynch in Houston. Combined, they managed $336 million in client assets and had $2.7 million in annual production.  

The second team, which joined Merrill Lynch’s Atlantic City branch, is comprised of Ralph Autuore and Paul Oakley. The pair, who were both with UBS for nine years, had $162 million in assets under management and generated $1.6 million in production at the Swiss bank.

Over the past month news has emerged of a series of raids by Merrill Lynch Global Wealth Management on its rivals in the US. Recruiting a raft of advisors from Morgan Stanley Smith Barney, Wells Fargo Advisors and UBS, Merrill has made a number of appointments to various offices in Florida, Maryland, New Mexico, New Jersey and Texas.