Morgan Stanley's global wealth management unit in the US has hired Elizabeth Polizzi, William Agresti and Richard Peer from Citi’s Smith Barney operation. The three will work from the Garden City, New York office and report to Mark Kelly, the complex manager.

Their combined assets were $215 million and they earned prior commissions and fees over the past year of around $1.33 million, according to a report on Dow Jones.

The bank also hired David Javaheri and Shaun Fitzpatrick from Merrill Lynch to work in the Wellesley, Mass. office on Friday. The pair will report to the complex manager, David Swartz. They earned fees and commissions of about $2.49 million on assets of $362 million, according to the report.

Also joining from Merrill Lynch is Al Lupcho who now works in the Vineland, New Jersey branch of Morgan Stanley. He will report to the branch manager, Robert McAllister. He earned prior commissions and fees of about $1.05 million and had prior assets of $134 million.

William Martin and Mark Southwell have also joined and are now at Morgan Stanley's McAllen, Texas, office. Both were previously at A.G. Edwards. They report to the branch manager, William Vaseliades, and earned prior commissions and fees of $1.23 million on assets of $249 million.

The average revenue per advisor for Morgan Stanley in the US is now approximately $880,000 per annum, the highest figure within its peer group.