The US wealth management giant continues to bring over teams across the country, as this latest move report shows.

Merrill Lynch has brought over Thomas Reichert, Paul Lotito, Eric Aiello, and Lindsay Reichert to its Paramus, New Jersey office. The group forms the RLA group and joins from Morgan Stanley. The deal comes in the wake of other team additions by Merrill Lynch in recent days. 

At Morgan Stanley, the team oversaw $628 million in assets under management.

Thomas Reichert joins as a Senior Vice President, Senior Portfolio Manager, and Wealth Advisor. With more than 39 years of experience in the financial services industry, Thom uses his extensive knowledge in portfolio management to help clients achieve their goals.

Paul Lotito has more than 26 years of experience as a financial advisor and joins as a senior vice president, senior portfolio manager, and wealth advisor. He has spent his career focusing on portfolio design and implementation for high-net-worth individuals, associations, and charitable institutions.

Eric Aiello, brings 17 years of industry experience to his role and joins the firm as a SVP, senior portfolio manager, and wealth advisor.

Lindsay Reichert joins as a wealth advisor and is a certified divorce financial analys. She has worked in the industry for seven years.

The RLA Group is joined by Client Associates Miriam Gentile and Tracy Hughes.

Recent additions
Earlier in June, Merrill Lynch’s private banking and investment group brought in a team of wealth managers, F Michael Covey, Tom Kane, and Mark Wiktor to its Chicago office. All three of them are managing directors. They form the CKW Team and join from UBS Private Wealth, where they were responsible for $3.3 billion in assets under management. The team will report to regional managing director Brett Thelander.

Also in June Merrill Lynch Wealth Management hired two financial advisors to join the Rockerfeller Center office in New York. The duo are part of the Gabriele VK Wealth Management team. Joseph Gabriele and Paul Vasady-Kovacs, who have worked together for nearly 20 years, are managing directors of the wealth management firm, and oined alongside Christian Martinez and Dana Shaker, who make up the rest of the team. 

In late May the firm brought in a team of financial advisors based in two New York offices, forming the SEAM Wealth Management Group. The advisors are Maureen Hulbert, Salvatore Romano, Allan Fiore, Eric Williams, Stephen Rosamino, and Adam Minor-Swartz. They come from Ayco Company, a Goldman Sachs company. The team joined the Saratoga Springs office, with the exception of Allan Fiore who is based in the Rockefeller Plaza office in New York City.