Capping off a busy week in which Merrill Lynch unveiled a robo adviser as well as plans to comply with the fiduciary rule, the wirehouse recruited eight elite Morgan Stanley advisers to open a new office in Bellevue, Washington, according to a spokeswoman.
The advisers managed more than $2.3 billion in combined client assets, according to people familiar with the matter. The spokeswoman declined to provide AUM or production for the advisers.
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