HighTower Advisors plans to ramp up its advisor recruitment in 2011 and exceed the eight new teams it took on last year, HighTower Managing Director of Business Development Mike Papedis said Tuesday.

Details of those recruitment plans come as HighTower said this week that it has hired two Bank of America Merrill Lynch advisors, Mark Masterson and David Emma, in Naples, Fla. Those hires follow four Portland, Maine-based Merrill Lynch financial advisors that HighTower announced it had hired in February.

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