Merrill Recruits Advisor With $223M AUM

Merrill Lynch grabbed a Morgan Stanley advisor managing more than $223 million in assets.

Last week, advisor Haris Hot joined Merrill's office in Red Bank, N.J., where he reports to Complex Director Peter Ardolino.

While at Morgan, Hot generated $883,200 in annual revenue. Hot had been with Morgan since he started his career in 2003, according to FINRA records.

Merrill last announced new hires in December, when the wirehouse lured away a UBS advisor managing $185 million in assets. Advisor Dale Waters, who generated $1.87 million in annual revenue while at UBS, joined Merrill's office in Hunt Valley, Md.

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