UBS Financial Services has picked up three financial advisors from Morgan Stanley who managed $467 million in client assets.

Father-son team Steven L. Schultz and Stockton Schultz join UBS in Phoenix and Indianapolis respectively. Steven Schultz most recently oversaw $320 million in client assets and had $2.6 million in fees and commissions. Stockton Schultz most recently had $34 million in client assets under management and $340,000 in production.

Also joining UBS in Phoenix is financial advisor Scott Merrill, who most recently had $113 million in client assets under management and $1.2 million in fees and commissions.

All three advisors have been registered with UBS since April 1, according to their public registration records with the Financial Industry Regulatory Authority.

Morgan Stanley recently hired four advisors from Merrill Lynch and Wells Fargo.

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