UBS recruits three more teams from Merrill in SoCal
UBS announced Friday that it added three teams to its Newport Beach, Calif., complex who managed $1.63 billion in client assets at Merrill. The advisers' production was not disclosed.
UBS Wealth Management Americas on Friday announced its second wave of new adviser hires from Bank of America Merrill Lynch this week.
The smallest wirehouse added three teams to its Newport Beach, Calif., complex who managed $1.63 billion in client assets at Merrill. The advisers’ production was not disclosed.
The three teams took their new roles Tuesday, the same day that UBS brought in a team that had managed $3.1 billion at Merrill to its office in Los Angeles.
The three teams that joined UBS were James B. Axelson and Barry F. Porter, who managed $550 million in client assets; James E. Chiate and Anthony D. Guinane, who managed $500,000; and Christopher S. Gaal and Jeffery C. Hamilton, who managed $575 million. All but Mr. Hamilton join with the title senior vice president of wealth management. Mr. Hamilton is vice president and senior financial adviser.
Ana Sollitto, a spokeswoman for Bank of America Corp., Merrill’s parent, declined to comment on the departures.
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