Merrill Lynch has expanded its advisor base in California.

Merrill Lynch has added private wealth advisor Bruce Munster and his nine-strong team to its growing private banking and investment group in Los Angeles, CA.

Munster's team, latterly of Morgan Stanley, includes his partners senior vice president John Paffendorf and vice president David Freeman.

Munster – who began his financial career 16 years ago at UBS – will report to Michael Rogers, managing director and head of Merrill Lynch’s private banking and investment group in Los Angeles.

Munster and his team are based in Century City, CA. With over $1.2 billion in client assets under management, they serve over 60 entrepreneurs, inventors and M&A professionals.