$550M+ Merrill Advisors Go Indy

Merrill Lynch advisors with over $555 million in combined client assets have left the firm to start an independent practice with Wells Fargo Advisors Financial Network.

Advisors Doug Brandeen and David Brandeen, both brothers, a team comprised of Jeff Link and Dean Shuplinkov, and Jeff's brother Rob joined forces to start Baltimore-based Highline Financial Advisors, Wells Fargo says.

Prior to joining Merrill in 2002, Doug and David got their start in the industry at Prudential Securities in New York City in 1998, according to FINRA BrokerCheck records.

Jeff Link and Shuplinkov entered the securities industry together at Signator Investors in 1999, according to BrokerCheck. After that, the duo took a job at Merrill Lynch's New York office in 2001 and later moved to the firm's Baltimore practice in 2009.

Merrill Lynch did not immediately respond to a request for more information.

In recent news, a Morgan Stanley team that managed over $285 million also had left the wirehouse to join Wells Fargo's independent channel.

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