A pair of $3.6 million producers who worked more than 30 years at Merrill Lynch have left the wirehouse for rival Morgan Stanley.
Brothers Harvey Bell and Murray Bell, working as a team, were recruited over to Morgan by Jeff Crystal, head of the firm's branch in Ridgewood, N.J., according to the company. Both had been with Merrill in Jersey City, about 15 miles away, where they previously oversaw about $620 million in combined client assets, a Morgan spokesperson said. Harvey Bell joined the firm in 1982, while his brother started two years later.
The team operates as Bell and Associates, according to the advisors' LinkedIn accounts, and specializes in high-net-worth individuals and corporations.
Merrill also lost two teams producing a combined $3 million before making their moves to RBC and Raymond James over the past month.
- RBC Grabs $1M Advisor From Merrill
- Raymond James Grabs $2M Team From Merrill
- More 'Rich' Deals on Deck as Aggressive Recruiting Continues
- Billion-Dollar Roundup: Biggest Advisor Moves This Year