Recruiting in 2017 is robust.

Merrill Lynch says two advisors from Wells Fargo Private Bank – Tim Chapman and Paul Wargnier – have joined the firm. They formed the Chapman Wargnier Group as part of Merrill Lynch’s recently opened Private Banking & Investment Group office in Portland, Oregon.

“The deep knowledge of our Private Wealth Advisors, combined with the strength and depth of one of the world’s largest financial services firms, gives our clients access to advice and strategies typically reserved for large institutions,” said Tracy Murphy, managing director, in a statement.

Chapman began work in the industry in 1994, at Baraban Securities; he later worked for Schwab, UST Financial Services/Securities and Banc of America and joined Wells Fargo in 2009, his FINRA BrokerCheck records show. The advisor and his team had $834 million in client assets several years ago, according to a 2013 Barron’s ranking.

Wargnier has more than 30 years of experience in investment management. In addition to his most recent role at Wells Fargo Private Bank, which he started in 2000, he worked for Trust Company of the West, UBS and Bankers Trust/Alex. Brown, according to Merrill Lynch. On LinkedIn, he says he oversaw $700 million of client assets at Wells Fargo.

Raymond James’ News

Raymond James’ Financial Institutions Division says Prosperity Private Investments, the investment program of Victoria, Texas-based Prosperity Bank, is now affiliated with its operations. Its advisors will offer investment and wealth management services to their clients through Raymond James.

“We’re proud to partner with the professionals at Prosperity Private Investments as they continue to expand their investment offerings to clients throughout Texas and Oklahoma,” said Tim Killgoar, head of the institutions business for Raymond James, in a statement.

Prosperity Private Investments was previously affiliated with Cetera Investment Services. Its program includes program manager Randy Hall and nine financial advisors, who collectively manage more than $600 million in client assets and serve clients throughout Texas and Oklahoma.

“We chose Raymond James for several reasons, including their dedication to client service, their market recognition and the firm’s financial stability – all of which are very important to us as we continue to provide our clients with an array of financial and wealth management solutions,” said Kelly Park, president of Prosperity Wealth Management, in a statement.

To read last week’s Recruiting Roundup click here