Bank of America Merrill Lynch has lured a team of two financial advisors from Barclays Capital that managed US$285 million in client assets.
The team, which includes James Clarke and Philip Weyhe, will join the firm’s New York office, reported Reuters.
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The advisory team previously had annual production in fees and commission of US$2.5 million.
At Barclays, Clarke and Weyhe previosuly advised individuals with more than US$5 million in assets nad served high net worth clients.
Prior to joining Bank of America, the pair worked as a team for 10 years, initially at Lehman Brothers and then at Barclays, which acquired Lehman in 2008.
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