Morgan Stanley Wealth Management has snapped up eight new financial advisors with a combined $778 million in assets under management from rival firms Merrill Lynch and Barclays.

News of the hires comes days after Merrill Lynch announced that it recently drew six advisors from Morgan Stanley’s force. For Morgan Stanley, the majority of these new advisor hires come from Merrill Lynch, for a total of seven advisors, while the firm has also taken in one advisor from Barclays.

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