UBS

Plus, Merrill Lynch grabs UBS planners who managed $750 million in client assets.

The new recruits joined the regional firm's employee channel.

The recruits left rival firms such as UBS and J.P. Morgan to join existing practices at the independent broker-dealer.

Two are coming back to Mother Merrill, having worked there in the 1990s.

Plus, Wells Fargo hires a $700M team from J.P. Morgan Private Bank and helps a $587M Morgan Stanley team go independent.

The wirehouse is also reorganizing how it deploys a number of product and service consultants and technology specialists.

The advisers, one of whom is a former football coach, are among the first to join the wirehouse since UBS unveiled sweeping changes to its comp plan.

The veteran wirehouse recruit has 34 years of industry experience.

Also, Dynasty lured teams managing nearly $1 billion in client assets to independence.

Lending and cost cutting helped drive net income higher during the recent quarter, the wirehouse reported.