A Merrill Lynch team that oversaw $300 million in client assets has left the wirehouse to join HighTower's independent platform, the firm says.

LaRue Gibson, who served as a senior financial adviser at Merrill Lynch, is leading the new HighTower team as managing director. The team is operating as LRG Wealth Advisors in New York, and will specialize in serving individuals, closely held businesses and nonprofit organizations, according to the firm.

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