A Morgan Stanley team that managed $2 billion in client assets left to join UBS, a spokesman said.
The four-member team, which operates as the Arthurs Malof Group, generated $10 million in annual revenue while at Morgan.
The group consists of advisors Glenn and Wyatt Arthurs, who are father-and-son, Chris Malof and Jay Blair. All joined UBS in Buffalo, N.Y., where they report to Jay Berube, branch manager, and Sam Messina, complex director.
Arthurs is a 32-year industry veteran, having started his career at Lehman Brothers in 1983, according to BrokerCheck. He joined Smith Barney in 1993 and stayed through that firm's merger with Morgan Stanley.
Malof started his career at Smith Barney in 1994. Blair joined them at the firm in 2001 and the younger Arthurs followed suit in 2005.
Last week, UBS said it had recruited two advisors who generated more than $3 million in combined annual revenue. Peter Choy left Morgan to join UBS in Phoenix. He oversaw nearly $120 million in client assets while at the wirehouse.
Former Ameriprise advisor Lori Cousineau Weaver joined UBS in Renton, Wash. Weaver managed $210 million in assets while at Ameriprise.
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