Merrill Lynch

The firm said this is the first of several new teams it plans to add this summer.

“When we think about these offerings, there are no hard lines that are drawn here,” said Merrill Lynch boss Andy Sieg.

The regional BD opened its third new location in Texas this year.

The wirehouse loses four more advisors to the regional BD.

For First Republic, “the pain index is likely somewhere between excruciating and traumatic,” says one expert. But few realize how much the bank got for its money.

Two of the new hires are brothers who spent more than 20 years at the wirehouse.

One advisor has more than three decades of experience in the business.

One departing practice managed $100 million in assets.

Several of the firm’s new hires are industry veterans with more than 30 years of industry experience.

The win follows a first-quarter report showing it grew its ranks 3.4% over the prior year.

The regional BD has approximately 1,800 advisors.

Advisors from rivals Merrill and Wells Fargo will join the firm. “Our recruiting pipeline is robust," an executive says.

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The advisors join from Merrill Lynch, Raymond James, U.S. Bancorp and Investment Professionals.

Three of seven new hires came from wirehouses.

On Wall Street analyzes starting payouts at leading wealth management firms.

The recruits joined from Merrill Lynch, Wells Fargo Advisors, SunTrust and Snowden Lane Partners.

On Wall Street presents its annual analysis of base pay at wirehouse, regional and national broker-dealers.

The firm is benefiting some referrals from Bank of America’s other business units.

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