Recruiting is on a tear in the second half of 2015.

Five advisors and a three-advisor team joined UBS (UBS) recently with totally assets of nearly $2.2 billion. In addition, Raymond James (RJF), Ameriprise Financial (AMP), Morgan Stanley (MS) and U.S. Trust (BAC) announced their latest recruits.

UBS says it just recruited five advisors with some $1.1 billion in client assets from Credit Suisse — which struck an exclusive recruiting deal with Wells Fargo Advisors in October — and three reps from Wells Fargo with $1.1 billion in AUM. (In mid-November, UBS added four teams in Texas from Credit Suisse with $3.6 billion in client assets.)  

The new UBS reps in Boston are Jonathan Galli, Alex Martinelli, Simon Clarke and Mitch Riesenberger. While at Credit Suisse, Galli managed $440 million in client assets; Martinelli, $153 million; Clarke, $345 million and Riesenberger, $158 million. They now report to Jim Ducey, complex director, and Troy Erickson, associate complex director.

In Chicago, Betsy Nelson came on board from Credit Suisse with about $360 million. She reports to Michael Gatewood, market head of the Chicago private wealth management operations.

And in Cincinnati, the Rinehart Sussli Financial Group joined UBS from Wells Fargo. The group includes Ken Rinehart, Michael Sussli and Kevin Ruther and reports to Troy DeBord, managing director and complex director of Cincinnati/Kenwood; the advisors now work out of the Kenwood office.

Raymond James Grabs Merrill Group

Jeffrey “Glenn” Tennyson and Thomas “Kirt” Phillips have left Merrill Lynch (BAC) to join Raymond James & Associates, the firm’s employee broker-dealer. The two reps are doing business in Albany, Georgia, as Tennyson Phillips Wealth Management of Raymond James. They manage $136 million in client assets, with nearly $1 million in annual production.

“We conducted a thorough due diligence process to select our new home,” said Tennyson, in a statement. “We wanted a firm that was not owned by a large bank or pushed its bank products onto its advisors to sell to clients — something that had become a daily distraction. We liked the idea that if our clients needed banking services, Raymond James could provide them.

“The firm is well respected and offers all the tools and resources we could possibly need,” he added. “We wanted to get back to what drew us both to the profession in the first place: creating personal relationships with clients.”

Ameriprise Adds Cetera Team

The father-and-son team of J. Leland “Lee” Davis and Jeremy L. Davis, CFP, have moved their Denver-based practice to Ameriprise Financial from the RCS Capital-owned Cetera Financial Group (RCAP). The team has some $180 million in assets and works with clients in more than 25 states.

“We believe the breadth of services available to our clients, as well as the financial strengths of Ameriprise are important components to helping us execute our client’s financial plans,” said Lee, in a statement. “We did considerable due diligence before making our move, and with the technology structure in place and the backbone of financial planning, Ameriprise was the right fit as we take our business to the next level.”

Lee, whose financial services career began in 1976, joined Cetera in 1998 and was previously affiliated with MML Investors (a unit of Mass Mutual). Jeremy joined the practice in 2004; he began his career at MML Investor Services.

There are seven members on the Davis team, which joined Ameriprise’s employee channel. They now report to Dean Obenauer, branch manager in the Denver area.

“Our move was related to a very simple premise: a financially strong and stable platform with state-of-the-art technology for our clients. In that regard, Ameriprise offered a superior alternative from our perspective. We chose to affiliate within a branch, because it allows us to focus 100% on our clients while having built-in support systems to help us grow our business,” Lee added

New Morgan Stanley, U.S. Trust Reps

The advisor team of Jonathan Hill and John Oberg has joined Morgan Stanley in Tyler, Texas, and reports to Melissa Shanhouse, branch manager, and Christopher Barton, complex manager, Dallas.

The team moved to Morgan Stanley comes from Wells Fargo, where they managed $118 million and had annual production of $1.3 million.

In other news, Bank of America-owned U.S. Trust recruited three new advisors from Wells Fargo in California and Pennsylvania and one rep from Northern Trust in Texas: Sean Anthony and Ayse Ozkan joined the San Diego office; William Meagher joined the West Conshohocken, Pennsylvania, office; and Andrew Mutscheller is now with U.S. Trust in Dallas.

— Read the Dec. 9 Recruiting Roundup on ThinkAdvisor.