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The game of musical chairs for advisor talent is showing no signs of letting up even as the economy weakens.
Merrill Lynch, which has seen a number of advisors leave in the wake of its deal to become a unit of Bank of America, has made a couple of rich hires if its own recently.
The brokerage hired Michael Bock, formerly of Smith Barney, for its office in Coral Gables, Fla. Bock, with 25 years in the business, generates $2.3 million on $136 million of assets under management. The team of Michael Kelleher and Jeffrey Silverman, which generates $1.2 million on $224 million of client assets, joined Merrill Lynch’s St. Croix, Virgin Islands office from UBS, according to Merrill. Keller and Silverman have 27 and 12 years of service in the industry, respectively.
