Broker advising on $1 billion leaves UBS to form hybrid

Douglas John, who advised on $1 billion in client assets at UBS in Dallas, Texas, has joined with Bryn Basiardanes Talkington, a former regional director at UBS Asset Management, to form a hybrid firm.

The firm, Requisite Capital Management, will also have an office in Houston and use Raymond James as its custodian. It will use FallLine Securities as its broker-dealer and wealth management services provider.

FallLine, based in Darien, Conn., clears through Raymond James and was founded by John Straus and Peter Ruhlin, who previously held executive wealth management positions at UBS.

Mr. John began his financial services career in 1996 with Merrill Lynch, spent three years with Alex. Brown/Deutsche Bank and then joined UBS in 2002.

Ms. Talkington began her career with Olde Discount Corp. in 1994, and joined UBS in 2003, following short stints at Van Kampen Funds and Bear Stearns & Co.

Related Topics: Advisers On The Move, Raymond James & Associates Inc., UBS Wealth Management