Barclays Wealth said Friday that it recently hired six advisors, including one from Merrill Lynch and one from BofA-U.S. Trust in New York, Boston, Dallas and Miami; the combined assets under management for these six FAs is $3.3 billion, while their total yearly sales and commissions is $15 million.
“The addition of these talented advisors, with an average of 19 years of experience each, underscores our commitment to growing the business by attracting a select number of high performing investment representatives,” said Mitch Cox, head of Barclays Wealth Americas, and head of research and investments globally for the firm.
Joining Barclays in Boston from Merrill Lynch Private Banking is Glen Darby, who began work at Merrill in 1983. He has specialized in serving ultra-high-net-worth clients. Matthew Grady also has been hired in Boston. He was formerly with Old North Advisors.
In New York, Jerrid Douglas joins Barclays Wealth from Citi Private Bank; he has also worked at Bank of America and Columbia Management Group. Andrew Leventhal was hired in Manhattan from Credit Suisse Private Banking, which he joined in 2001.
Michele Huff Powell joins Barclays Wealth in Dallas from U.S. Trust, Bank of America Private Wealth Management, where she first began work in 1986.
Barclays Wealth also said it appointed Narciso Muñoz as a director and investment representative in Miami. Muñoz joined from HSBC’s International Private Bank.
“We are delighted to welcome these talented professionals to Barclays Wealth,” said Steve Houston, who oversees the regional offices and network of employee advisors.
Barclays Wealth has 13 offices and more than 250 advisors across the Americas. Its assets are $272 billion worldwide.