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November 26, 2014 at 07:32 AM
Bank of America-Merrill Lynch (BAC) has been recruiting a number of financial advisors from rival wirehouses, chiefly from Morgan Stanley (MS). Of the six advisors it recruited earlier this month, four were from Morgan Stanley.
Overall, the recruited reps have $713 million in total assets under management and $5.1 million in combined yearly fees & commissions.
In Century City, California, Richard Zinman moved to Merrill from Morgan Stanley in mid-November. The advisor has $104 million in client assets and $1.2 million in yearly production.
Zinman cut his teeth at UBS from 2004 to 2008 and then joined Morgan Stanley, according to FINRA records.
Also moving to Merrill from Morgan Stanley is Edward Viola in Paramus, N.J. He has about $83 million in client assets. Viola joined Morgan Stanley in 2005. Prior to that he was with Citigroup (1995-2005), Merrill Lynch (1990-1995), Prudential-Bache (1985-1990) and Bernard Herold (1983-1985), FINRA records show.
In Toms River, N.J., Christopher Carbone and Charles Sergewick left Morgan Stanley to come to Merrill Lynch in mid-November with $200-plus million in client assets and over $2 million in yearly production.
Carbone first worked for Morgan Stanley in 2009. Earlier he was an advisor for Citigroup (1993-2009), Lehman Brothers (1988-1993), E.F. Hutton (1985-1988) and Shearson American Express (1982-1988), his FINRA records state.
