Merrill Lynch

The 17-member team is one of the largest to switch employers in recent years.

The firm added 40,000 new accounts last year and hit a record $3 trillion in client balances.

More often than not, wirehouses were on the losing side of these moves.

Supervisory failures at LPL Financial, J.P. Morgan Securities, Morgan Stanley, Merrill Lynch and Citigroup prevented assets from moving to beneficiaries on time.

The new hires signed on with the firm’s employee broker-dealer.

On the losing side of this exchange: Wells Fargo, UBS and Merrill Lynch.

Wells Fargo welcomed 22 active duty members to its corporate office as part of a corporate fellowship program.