Merrill Lynch Global Wealth Management, a unit of Bank of America Corp., recently recruited 11 financial advisers from competitors including Morgan Stanley Smith Barney, UBS AG and Wells Fargo & Co.

On Aug. 14, John Licciardello, Charles Wharton and Joel Raskin joined Merrill Lynch's Providence, R.I., office from UBS Wealth Management US. The three advisers together had $1.6 million in annual production and managed $207 million in client assets.