Barclays Wealth Adds 6 FAs from Merrill, Morgan Stanley & Goldman

Barclays Wealth said Wednesday that it hired six financial advisors from Merrill Lynch in its Boston, New York and Washington, D.C., offices, with a total of $1.1 billion in assets under management and yearly fees and commissions of $26 million.

"We are pleased to welcome these seasoned wealth-management professionals,” said Mitch Cox (left), head of Barclays Wealth-Americas and global research and investments. “We continue to attract experienced investment representatives looking to offer high net worth clients the breadth of Barclays’ global resources and its world-class intellectual capital, within the objective, independent framework of a boutique wealth manager.”

Barclays Wealth-Americas now has more than 250 advisors with about $270 billion in assets under management. About 85 of these advisors have joined in the past 18 months or so with a total of over $200 million in yearly fees and commissions and $40 billion-plus in assets under management.

Latest Hires

Daniel Caso is joining Barclays’ Boston operations from Merrill Lynch. Prior to Merrill Lynch, where he worked for the past four years, Caso was a managing director for the private-client services division of Bear Stearns. He will report to Marty Courage, the regional manager for Boston.

In New York, Robert E. Miller is joining Barclays Wealth from Goldman Sachs’ private-wealth management division. Most recently, he was a senior member of the markets desk, responsible for managing fixed income and equity portfolio.