Merrill duo with $440M jumps to UBS
UBS hired a pair of Merrill Lynch advisors who oversaw $440 million at their old firm.
The announcement by UBS iss another sign that the 6,700-advisor firm is sticking to its selective hiring practices, having dramatically cut back on its recruiting in 2016. It also comes a week after UBS said it hired another former Merrill Lynch advisor — one who oversaw $391 million in client assets.
James Patrick and John D'Amico joined UBS in Mill Valley, California in 2000, according to FINRA BrokerCheck records, and subsequently generated more than $2.7 million in annual revenue, according to their new employer. The duo serves high-net-worth families and individuals, UBS said.
Prior to joining Merrill Lynch, Patrick and D’Amico worked at Mercer Global Securities.
A Merrill Lynch spokeswoman was unavailable for immediate comment.