Two advisors who generated more than $1.5 million in annual revenue at UBS have left the Swiss-owned wirehouse to rejoin Merrill Lynch, a spokeswoman said.
Advisors Anthony Chevalier and Vance Whitby joined Merrill in Denver, where they report to Jason Edelmann, market executive for the firm's Denver Mountain Market.
While at UBS the two advisors oversaw more than $193 million in client assets.
Chevalier started his career at Merrill in 1994, according to FINRA BrokerCheck records. Whitby joined Chevalier at the wirehouse in 2000, the same year he started his career. Both worked at Merrill until 2007, when they left for UBS.
The two are the latest advisors to join Merrill, which is in the midst of expanding its advisor ranks. The wirehouse grew overall headcount by 187 advisors during the second quarter, bringing the total number of advisors to 14,370.
A spokeswoman said it was the fifth consecutive quarter of advisor growth.
"We feel good about the number of advisors joining us from competitors," Bruce Thompson, Chief Financial Officer at Bank of America, said during an earnings conference call with analysts.
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