Merrill Lynch Wealth Management has added to its private banking and investment group with hires in Denver, CO, and Florida.

Diane Padalino, a private wealth advisor in Denver, CO, joins from Goldman Sachs with $325 million in assets under management and $1,857,500 in production.

Meanwhile, John Molkentin and Denise Chin Quee - latterly of Morgan Stanley - represent a combined $183 million in assets and over $1.3 million in production. They have joined Merrill’s Miami, FL, office.

In related news at the start of August, Bank of America recruited a new advisory team from Wells Fargo in the shape of Paul Akre and Laurie Tebon. 

Based in Pewaukee, WI, the team has $223.1 million in assets and over $1 million in production. 

Akre, who joined Wells Fargo in 2003, previously worked at Morgan Stanley for three years and before that at Merrill Lynch for nearly two decades. Tebon joined Wells Fargo in 2006 and prior to that worked at Landaas & Co.