Merrill Lynch has hired 10 financial advisors from rival wirehouse firms who managed a total of $1.07 billion in assets and had $7.7 million in fees and commissions.

The majority of those hires, which were completed in the past several weeks, come from Morgan Stanley Wealth Management, representing six of the new hires. Merrill Lynch also hired a three-member advisor team from UBS and one advisor from Wells Fargo to round out the 10 additions to its force.

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