Feb 19 (Reuters) – Top U.S. brokerage Morgan Stanley Wealth Management said on Tuesday it hired a veteran team of advisers in California from rival Merrill Lynch.

Advisers Nikesh Kadakia, Joseph Pastore and Kirk Snyder moved to Morgan Stanley’s El Segundo operation on Friday from Merrill, the brokerage owned by Bank of America Corp. They had an annual revenue production of nearly $1.3 million.

Kadakia and Pastore had been at their old firm for more than a decade. The advisers moved just up the street on Rosecrans Avenue from their old Merrill office to Morgan Stanley’s Manhattan Beach branch, where David Fahey is branch manager.

More Info: ON THE MOVE-Morgan Stanley hires adviser team from Merrill Lynch | Reuters.