Merrill Picks Up 6 Advisors From Rival Wirehouses

“Through strategic hiring, robust support for our existing advisors, and continued investment in our world-class training program, backed by the power of Bank of America, Merrill is strongly positioned for continued growth,” Kenneth Correa, head of business and client development at Merrill, said in a statement.

The advisors joining Merrill are:

• Ben Meyers, who is based in the San Diego neighborhood of La Jolla, worked with Morgan Stanley for the past 14 years. He has managed $240 million in client assets and generated about $2 million in yearly production (or fees and commissions).
  
• Doug Cochran also joined Merrill’s La Jolla office. His client assets at Morgan Stanley were $200 million, and his yearly production was $2 million. He spent the past 15 years at Morgan Stanley and has 33 years of industry experience.
  
• Sam Fischer works in Austin, Texas, and oversaw $200 million in client assets at UBS, where his yearly production was $2 million. He has spent 28 years in the industry and began his career at Merrill, before moving to UBS in 2006.
  
• Shajhan "John" Sabir is now with Merrill in Tysons Corner, Virginia. Previously with Wells Fargo, Sabir has managed $170 million in client assets and had $2 million in yearly production. Before spending close to 20 years at Wells Fargo, he was a financial advisor with Merrill (2001-2006).
  
• Rick Rosati has moved to Merrill in Minneapolis. For the past 14 years, he worked at Wells where he oversaw $120 million in client assets and had about $1 million in annual production.
  
• Burke Coleman is now with Merrill in Albany, New York. At UBS, where he worked for over 20 years, he managed about $100 million in client assets. He started his career at Merrill in 1989, was with Morgan Stanley from 1994 to 2003 and then joined UBS in 2007.