First Republic, Raymond James & RBC Grab Merrill Reps: Recruiting Roundup

In Minnesota, RBC recruited Greg Lunak from Merrill Lynch. Lunak, who joins its Stillwater office, has more than 15 years of industry experience. He manages $164 million in assets under administration and has over $1 million in production.

"RBC Wealth Management is proud to welcome Greg to our Stillwater office," according to Bill Kohn, director of the Stillwater branch. "We are continuing to attract talented financial advisors to the firm and are privileged to have his strong legacy of service and integrity join RBC Wealth Management."

(In October, the Stillwater branch recruited Thomas Pink, senior vice president and financial advisor, from Wells Fargo Advisors; he had some $154 million in assets and $1 million in production.)

RBC Wealth says it also recruited a new branch director to the Raleigh office: Bob Gipp moved to the firm from Wells Fargo Advisors with four years of industry experience.

For its part, Merrill Lynch says Adam Schur has become part of its White Plains, N.Y. office. Schur worked at Morgan Stanley for nine years; he had had $850 million in assets under management and production of $2 million.

"Merrill Lynch is pleased to have this experienced advisor join our firm," said Westchester-Greenwich Market Executive and Managing Director Matthew Grossman, in a statement. "Adam joined Merrill Lynch to take advantage of our technology, trust offerings, lending solutions and ability to provide a holistic range of services to make clients' lives better."

Last week, Merrill added a $4.5 milllion-producing team from UBS in Texas.