Merrill Lynch enticed away three advisers from UBS that oversaw $750 million in client assets, a spokeswoman said.
Two of the wirehouse's new hires had worked at Merrill Lynch earlier in their career.
Plus, Wells Fargo hires a $700M team from J.P. Morgan Private Bank and helps a $587M Morgan Stanley team go independent.
Advisers Harry Lewkowitz and Jeff Gersten joined Merrill last month in New York. They operate as the Lewkowitz-Gersten Wealth Management Group, based in Manhattan. The group had overseen $500 million in client assets while at UBS, according to the Merrill.
Lewkowitz started his career in futures trading in 1976, according to Merrill Lynch. He later worked at the wirehouse from 1990 to 2002, according to FINRA BrokerCheck records. Gersten joined him at the wirehouse in 1999.
Together, they moved to Smith Barney in 2002, and later joined UBS in 2009.
Adviser Jeffrey Schoenfeld also joined Merrill in New York. He oversaw $250 million in client assets, according to Merrill.
Schoenfeld has been in the business since 1990, per BrokerCheck records. He has been with UBS since 2009, and has previous work experience at firms such as Smith Barney and Alex. Brown.
A UBS spokesman declined to comment on their departure.
