J.P. Morgan Securities pulled three advisors managing $443 million in assets from Merrill Lynch, a spokeswoman said.
It's the latest big Merrill Lynch team to join J.P. Morgan's elite brokerage unit.
The boutique firm's newest hires consist of Jonathan McPharlin, Daniel Halperin and Charles A. Cooper, Jr. They each have less than 10 years of experience in the industry, all of which they spent at Merrill Lynch.
-
Most of the new hires came from Wells Fargo, which has suffered from advisor attrition over the past year.
May 30 -
Hilliard Lyons, not traditionally known for big recruiting pushes, is expanding.
June 4 -
The advisor had been with Wells Fargo for only two years, having previously worked at Credit Suisse.
April 30
A spokeswoman at Merrill declined to comment on the team’s departure.
J.P. Morgan’s advisor headcount has been steadily increasing. It has recruited 160 new advisors since the beginning of last year, according to
Many of the firm's new hires come from wirehouses, including a
A spokeswoman at J.P. Morgan declined to offer additional comment on the firm’s growth.
The new team will be located at the J.P. Morgan branch in Chicago.
