Rockefeller Capital Management (Rockefeller) has acquired an Ohio-based Merrill Lynch advisor team generating $5 million in annual revenue. 

The duo is led by Joseph Mark Holcomb and Michael Frey, who have spent their careers with Merrill Lynch. According to a Rockefeller spokeswoman, the team oversaw a combined $600 million in assets. 

Rockefeller has relaunched its hiring after a two-month hold this summer. The firm has added 60 teams since 2018 with the recapitalization of the family office for Rockefeller. Rockefeller is led by several former Merrill executives.

For Merrill Lynch, the loss is the second high-producing team of veterans to leave. A Washington state-based team generating $8.2 million in revenue moved to Morgan Stanley Wealth Management. That followed at least four other teams that had managed a combined $1.4 billion and have left since last week.

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