Barclays advisors who made $6 million in production have switched to Merrill Lynch, according to the wirehouse, in yet another round of defections before the British bank folds its wealth management operations into Stifel's.
There is no word on how much in client assets Peter Kong and John Shaw were overseeing before their departure from Barclays. A spokeswoman for Merrill declined to comment. The team reports to Tracy Murphy, a regional managing director in Merrill's Private Banking and Investment Group for the Pacific Northwest region, the firm said.
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