Morgan Stanley has grabbed its second multi-billion-dollar team from Merrill Lynch in less than a month.

Morgan lured the Brice Group with $4.5 billion in assets away from Merrill, according to a released statement. The Brice Group, based in Birmingham, Mich., and helmed by brothers Brian P. Brice and Timothy M. Brice, made the move under advisement from Diamond Consultants. Both had nearly $8 million in combined production while at Merrill.

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