Merrill Lynch Hires Financial Advisers

Merrill Lynch Global Wealth Management, a unit of Bank of America Corp. (BAC), recently hired eight financial advisers from Citigroup Inc.'s (C) Smith Barney unit and added additional brokers from UBS AG (UBS) and Wells Fargo & Co. (WFC).

The moves come as Merrill Lynch has ramped up its recruiting efforts over the past few weeks. The firm is currently offering one of the highest-paying deals in the industry for top-producing advisers...

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