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Recruiting Roundup: Merrill Grabs Morgan Team, Makes Leadership Changes

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Bank of America Merrill Lynch was busy in recruiting, with the addition of a former Morgan Stanley team, and also made some changes to its leadership teams.

Financial advisors Jeremy Newton and Stephen Lamb joined Merrill’s Houston office, along with team financial advisors Sean McCullough and Laura Philmon, also from Morgan Stanley, and John Yambao, from Wells Fargo.

The Newton Lamb Group will report to Hong Ogle, managing director and market executive. Newton and Lamb had more than $330 million of client assets under management with $2.5 million in production last year.

Newton began his career at Merrill Lynch in 2000, but left in 2008 to open an office for Morgan Stanley in downtown Houston. Lamb started at Morgan Stanley in 1984 and held numerous roles before also joining the Houston office as a senior vice president and senior portfolio manager.

Ogle said of the team’s arrival, “Merrill Lynch is pleased to welcome these experienced advisors and know that they are looking forward to taking advantage of the entire Bank of America platform to serve their clients.  Jeremy and Steve have clearly demonstrated success in the marketplace based on the growth of their client base.”

In addition, Merrill Lynch Wealth Management named Racquel Oden market executive for the Fifth Avenue market, reporting to Jeffrey Tucker, New York City metro executive. She will be succeeded as head of advisor and strategy development by Cheri Lytle, who will report to Riley Etheridge, head of client segments and advisor development.

Meanwhile, the Bay Area independent wealth management firm B|O|S announced that Judith Gordon has joined as an estate planning advisor. She joined the firm following a 35-year legal career in estate and gift tax planning, charitable planning, and probate and trust administration.

Most recently she was a founding partner of Grant & Gordon LLP, an estate planning boutique law firm in Palo Alto. Prior to that, she was an attorney at Gray Cary Ware & Freidenrich and Taylor & Faust in the Bay Area. She began her career as an attorney for the U.S. Department of Labor in San Francisco.

— Check out Recruiting Roundup: 3 Reps Move to Royal Alliance; UBS Recruits Merrill Complex Chief on ThinkAdvisor.