Raymond James & Associates lured away a UBS advisor with $1.1 million in production.

Patrick Yates joined Raymond James in Louisville, Ky., as a financial advisor after spending 12 years with UBS where he managed more than $120 million in client assets.

Yates began his career in 1986 with Pruco Securities, a subsidiary of Prudential Financial. He also spent 11 years with Morgan Stanley. Yates reports to branch manager Thomas Hirsch.

Also moving to Raymond James is Yates' wife, Carole Yates, a marketing associate and communications manager, as well as Donna Calkin, a customer service associate. The team operates as Yates Financial Planning of Raymond James.

Last week, Raymond James announced that it had picked up a team managing $185 million in assets from RBC Wealth Management. Advisors Katherine Traver and Michael Gardner joined the regional firm in Manchester Village, Vt.

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