Bank of America's Merrill Lynch has hired two private wealth advisors from Abbot Downing, Wells Fargo's ultra high net worth wealth arm.
Westcott Jones and Scott Vogel oversaw more than $1 billion in client assets for Abbot Downing. They joined Merrill Lynch's private banking and investment group in late July.
The pair had been a part of Lowry Hill, a boutique wealth management firm that merged with Wells Fargo's family wealth business in April to form Abbot Downing. Lowry Hill had previously been a separate subsidiary of Wells.
The two advisors, based in Wayzata, MN, joined the team of Swenson Jones & Associates, a part of Merrill Lynch's private banking and investment group, which serves ultra high net worth clients.