Merrill Lynch picked up an adviser who generated $1.8 million in annual revenue at Morgan Stanley, a spokeswoman said.
Brad Wienman joined Merrill Lynch in West Palm Beach, Florida. While at Morgan Stanley he oversaw $240 million in client assets, according to Merrill.
He reports to Daniel Markow, market executive for Merrill's Palm Beach market.
Weinman started his career at Prudential Securities in Bethesda, Maryland, in 1988, according to Merrill. He later worked at PaineWeber, Smith Barney and Morgan Stanley. He moved to Palm Beach Gardens in 2008.
A Morgan Stanley spokeswoman confirmed Weinman's departure and declined to comment further.
Merrill recently recruited several advisers from UBS. A team of two brokers joined the firm in New York. Advisers Harry Lewkowitz and Jeff Gersten had overseen $500 million in client assets while at UBS, according to the Merrill.