Merrill Lynch has lost an advisor managing $500 million in client assets to UBS Wealth Management Americas.

Advisor Stephen Davis, CIMA, will join UBS' Westlake Village, Calif. office. Davis generated annual revenue of about $2.6 million while at Merrill Lynch. He will report to branch manager Louis Skertich, according to a statement from the company.

Davis started his career in financial services in 1994 with Merrill Lynch, according to FINRA records. 

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