The New York-headquartered firm has hired three industry veterans from the world's largest money manager.

Merrill Lynch has appointed advisors Roger Berry, Felix Erbring and Ted Gray to join its private banking and investment group within the firm's Austin, Texas offices. 

The team worked together at UBS, where they produced more than $4.5 million last year.

Berry has 26 years' industry experience and has previously worked for Swiss banking giant UBS, Wall Street behemoth Morgan Stanley and tag|AG Edwards">AG Edwards. 

With 18 years' experience in financial services, Erbring also worked at both UBS and Morgan Stanley. 

Industry veteran Gray, who has a total of 28 years' experience in financial services, also worked at UBS, Morgan Stanley and AG Edwards.

“We’re pleased to have Roger, Felix and Ted join our growing number of advisors in Austin and the Greater Texas Region,” said Bob Johnson, regional managing director for Merrill Lynch's private banking and investment group, adding: “They have a great reputation for serving ultra-high net worth families in South Texas. Their commitment to clients, and opportunities to strengthen and deepen relationships by leveraging our entire organization, make them an excellent fit within our region and the firm.”

Merrill Lynch Global Wealth Management, specialising in goals-based wealth management, has more than 14,000 financial advisors and $2.1 trillion in client balances as of December 31, 2016.