By Corrie Driebusch
In the last few weeks advisers with a combined $4.5 million in
annual revenue production and nearly $1 billion in assets under
management have joined Bank of America Corp.'s (BAC) Merrill
Lynch.
The new hires included high-producing advisers from the wealth
management divisions of Wells Fargo & Co. (WFC), Morgan Stanley
(MS) and Piper Jaffrey (PJC).
Stephanie Greer joined Merrill in Scottsdale, Ariz., in January
from Wells Fargo Advisors. In the past 12 months she had generated
$958,000 in commissions and fees and managed $189 million in client
assets, according to Merrill.
Ms. Greer has worked for Wells Fargo for more than a decade,
according to Financial Industry Regulatory Authority records.
A spokeswoman for Wells Fargo confirmed Ms. Greer's
departure.
Merrill also picked up two advisers from Morgan Stanley Wealth
Management.
Quoc Pham joined Merrill in San Jose in mid-January. Mr. Pham
had $1.1 million in production while at Morgan Stanley and managed
$82 million in client assets.
Mr. Pham is actually returning to Merrill, where he worked
between 2004 and 2008. Since 2008 he worked with Citigroup Inc. (C)
and remained with the joint venture with Morgan Stanley, according
to Finra records.
Separately, William Terrell joined Merrill from Morgan Stanley
on Jan. 11 in San Francisco. Mr. Terrell had $1.4 million in
production and managed $137 million in assets.
Mr. Terrell was with Morgan Stanley since 2007, and he
previously worked at UBS AG (UBS, UBSN.VX), according to Finra
records.
Also joining Merrill last month was Kevin Robertson, who joined
Merrill in Portland, Ore., from Piper Jaffray.
Mr. Robertson generated $1 million in annual fees and
commissions and managed $588 million in client assets.
A spokeswomen for Morgan Stanley declined to comment and a
spokeswoman for Piper Jaffray wasn't immediately available to
comment.
(Street Moves chronicles the migration of executives on Wall
Street, with a particular emphasis on financial advisers with more
than $1 million in annual production and those who manage more than
$100 million in client assets.)
Write to Corrie Driebusch at corrie.driebusch@dowjones.com;
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