Merrill Lynch recruited advisors managing more than $550 million in combined assets last week from UBS and Citi Personal Wealth Management.

A four-person UBS team with $395 million in AUM left the wirehouse to join Merrill in Beaumont, Texas, where they will report to Hong Ogle, director of the firm's Houston complex. The group consists of advisors Heath McGallion, Christopher Davis, Stan Davis and Hugh Hawkins.

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