Raymond James Financial Inc. hired adviser Michael Rosner from Merrill Lynch & Co. Inc., OnWallStreet reported, citing a company statement.

Rosner joined Raymond James' Farmington Hills, Mich., office in mid-December and will operate as Rosner Private Wealth Management of Raymond James.

Rosner managed $110 million in client assets and produced $1.2 million in fees at Merrill Lynch, according to the report.