Barclays said it recruited 16 advisors from Merrill Lynch (BAC) and eight other firms, including Goldman Sachs (GS) and U.S. Trust with a total of $15 billion in assets under management and $35 million in trailing 12-month fees and commissions.
Morgan Stanley (MS) grabbed one advisor from Wells Fargo and three reps from JPMorgan (JPM) with about $434 million in assets, and Raymond James (RJF) has added two advisors from Merrill Lynch with about $124 million in assets and $1 million fees and commissions.
Morgan Stanley Wealth Management said last week that Calvin Mason joined the wirehouse in Pueblo, Colo.., from Wells Fargo (WFC). He has had yearly production of $1.44 million and prior assets of $144 million.
Advisors Steven Sheresky, Jeffrey Sheresky and Jeffrey Samsen moved to Morgan Stanley in Midtown Manhattan from JPMorgan Chase. The team has prior assets of $290 million.
Barclays Grabs 16 Advisors
Barclays announced last week that it has hired 16 advisors, or investment representatives for its Wealth and Investment Management division, in seven of its offices across the United States.
“We are pleased to welcome these talented individuals to Barclays,” said Mitch Cox, head of wealth management for Barclays, in a press release. “These hires underscore our commitment to attracting top-performing professionals who seek Barclays’ unique, in-depth approach, of guiding clients to customized solutions that extend far beyond their investment portfolio.”