A former Wells Fargo team has joined Merrill Lynch in the Lone Star state.

Bob Krumholz and Becca Siegel have joined existing Merrill Lynch Wealth Management advisor Emily O’Connell and her team to form OAKS Wealth Management Group in Austin, TX.

Also joining the team from Wells Fargo are: Jennifer Kim, analyst-investments, and McGee Jacobson, a registered senior client associate. 

Existing members of O’Connell’s Merrill Lynch team are: Bianca Lindsey, financial advisor, and Stephanie Boyer, a registered senior client associate.   

Krumholz and Siegel, who had almost $1.8 million in production and $270 million in assets under management last year, will report to market executive Tim Gillespie.

Merrill Lynch’s O’Connell team had $211 million in assets under management and almost $1.4 million in production prior to the addition of the new team. 

Members of the newly-formed OAKS Wealth Management Group collectively serviced more than $481 million of client assets with a combined $3.2 million in production last year.