UBS said Thursday that it had hired four advisors from Merrill Lynch with yearly fees and commissions of about $2.1 million to join its operations in California and Florida. The combined FAs have roughly $800 million in assets under management.
Margaret Lech-Loubet joined the UBS office in Beverly Hills, Calif., and now reports to David Bigler, UBS’ complex director. Lech-Loubet had trailing-12-month fees and commissions (or production) of $1.1 million and AUM of $542 million.
Coming over to UBS in Palm Beach, Fla., are Adrian Davis De Montluzin, Michael Melnyk and Carolyn Smith. The group had yearly production of about $1 million and AUM of $258 million. It now reports to UBS branch manager Philip Jordan.
UBS Americas wealth-management operations are lead by Robert McCann, a former wealth-management executive at Merrill Lynch, who joined UBS in October 2009.