Merrill Lynch In US Hires Raft Of Advisors From Rivals

Harriet Davies

30 November 2012

Merrill Lynch has brought in 10 advisors from Morgan Stanley, UBS and Wells Fargo, representing some $1.07 billion in assets and $7.7 million in production.

Joining from UBS in Louisville, KY, the team of Charles Mercer, Marguerite Rowland and Dowell Ryan has around $265.3 million in assets and $2.4 million in production.

Meanwhile, a host of advisors have joined from Morgan Stanley:

In Mill Valley, CA, Jeffrey Wells represents around $264 million in assets and $1.5 million in production.
In Greenwich, CT, Keith Ward represents around $136.3 million in assets and $1.58 million in production.
In Washington, DC, John Forster represents around $110.2 million in assets and $500,000 in production.
In Red Bank, NJ, Raymond Abbate represents around $102 million in assets and $408,000 in production, and Bob Reinert and Craig Reinert together represent some $92 million in assets and $526,000 in production.

Lastly, Merrill Lynch has hired Terry Schurman from Wells Fargo. He is based in Ponte Vedra, FL, and represents around $101.9 million in assets and $813,000 in production.