Despite the choppy markets, reruiting is on a tear.

Broker-dealers have been busy keeping up with the Federal Reserve and with their recruiting drives over the past week.

Early Wednesday, UBS Private Wealth Management says a team joined it from Merrill Lynch with over $1.3 billion in assets under management and $7.8 million in yearly fees & commissions.

Wells Fargo recruited two advisor teams who manage $1 billion in combined assets; Raymond James says it has added teams – including one from UBS – to its employee channel in Massachusetts, Virginia and Texas with previous AUM totaling more than $800 million; and Morgan Stanley added two advisors with prior yearly production of $3 million and assets of nearly $225 million (on a combined basis).

In addition, Bank of America Merrill Lynch brought in David Sterling from Credit Suisse. Also, Greater Midwest Financial Group joined NFP Advisor Services; and FFO completed two mergers.

UBS News

Melissa Corrado-Harrison, Greg Richardson and Ronald Kemp moved to UBS from Merrill Lynch Private Bank & Investment Group. According to UBS, they will be based in a Denver location but work with the company’s Southern California operations.

Corrado-Harrison and Richardson have been in the business since 1992, while Kemp began his career in the field in 1986.

UBS also says it hired ex-Barclays regional manager John Houlihan to run its Long Island complex in Jericho, New York. He will report to Todd Locicero, regional director-metro region.

With 20 years of industry experience, Houlihan had been the regional manager  for Barclays’ wealth and investment management division in Atlanta, where he oversaw more than 125 advisors with a total of about $15 billion in assets. Prior to Barclays, he was with Morgan Stanley.

Wells Fargo’s New Teams

The Perry Group, which includes Ronald Perry, John Perry and Robin Johnson, has joined Wells Fargo Advisors from Morgan Stanley, where it managed more than $300 million in client assets.

The Perrys will work out of the branch office in Boca Raton, Florida, reporting to Mike Origlia, senior vice president, branch manager. Robin Johnson will work out of the Short Hills, New Jersey branch office, reporting to Mark Klein, senior vice president and branch manager.

Financial advisor Patrick Durham also left Morgan Stanley to move to the Boca Raton branch. He most recently managed $25 million in client assets.

Also departing Morgan Stanley for Wells Fargo were Jonathan Schlackman, Alan Weintraub and Joshua Zamat.

Schlackman will work out of the firm’s New Orleans branch, reporting to Billy Blakeman, manager of the southern Louisiana complex; Weintraub joins the Birmingham branch, reporting to Steve Meadows, market manager, and Zamat is now with the Boca Raton branch and reports to Origlia. The team managed about $700 million in combined client assets at Morgan Stanley.

Raymond James’ Latest Hires

Raymond James says its newest recruited reps include the former UBS team Elm Wealth Management, which joined a new branch of the firm in Massachusetts. The advisors in the group are Stephen Erickson, Michael Martin, Scott Louder and Christopher Lussier. Previously the team managed more than $550 million in client assets and had approximately $3 million in annual production.

In Virginia Beach, Virginia, Vic Philleo, Chris Holladay and Kim Henderson left Wells Fargo Advisors to become the Waterfront Advisory Group of Raymond James. They formerly managed $160 in client assets.

Plus, near Dallas in Southlake, Texas, the firm added Merry Lyn Bagwell and Scott Wicke, who also joined from Wells Fargo Advisors, where they managed about $100 million in client assets and had annual fees and commissions of about $860,000. The team is now known as Bagwell Wicke Investment Group of Raymond James.

Morgan Stanley, Merrill Hires

Christopher Griffith and Henry Wheelwright joined Morgan Stanley’s office in Norwell, Massachusetts, from UBS.

With combined production of $3 million and prior assets under management of $223 million, the two FAs now report to Bill Drew, Boston Harbor complex manager.

David Sterling left Credit Suisse for Merrill Lynch, where he is now part of the office in Stamford, Connecticut, and will report to Katie Flaherty, market executive. In addition to his time at Credit Suisse, Sterling has also held positions at Lehman Brothers and Bank of the West.

Greater Midwest Joins NFP

NFP Advisor Services has welcomed Greater Midwest Financial Group to its broker-dealer/RIA platform.

Donald Phillips is CEO and principal of Greater Midwest, based in St. Paul, Minnesota; he brings with him partners James Ronn and Robert Phillips.

FFO Expands with Two Mergers

FFO, formerly Flynn Family Office and a partner firm of Focus Financial Partners, recently completed two mergers. The first is with the McNulty Group, a New York-based family office that specializes in tax advisory services and accounting; it is led by Joseph McNulty. The second deal includes Capell Rudolph, a Los Angeles-based business- management firm.

Joseph McNulty of the McNulty Group has joined as a partner, and Lawrence Rudolph of Capell Rudolph came on board as executive director.

Read the Sept. 16 Recruiting Roundup at ThinkAdvisor.