Merrill Lynch hires Barclays adviser duo

Merrill Lynch has hired James Clarke and Philip Weyhe from Barclays Capital, a team who managed a combined $285 million in assets and had more than $2.5 million in production. The two joined the Park Avenue's Bank of America Merrill Lynch office in New York on May 22. They primarily serve high net worth families that have more than $5 million in investable assets. Advisers on the Move: Merrill Lynch's 2014 adviser additions “The team came to Merrill Lynch because they viewed our tools, technology and platform as stronger than those of our competitors,” said a spokeswoman for Merrill Lynch. “They were looking for a platform to support them as they continue to build their practice and serve clients over the next decade.” The team has worked together for more than 10 years. Before working at Barclays, they were at Lehman Brothers. “Merrill offers them a more comprehensive platform to engage clients by helping them to identify their life priorities and plan for them through our goals-based wealth management process,” the spokeswoman said. Merrill Lynch has more than 15,000 financial advisers and approximately $2.2 trillion in client assets.