Since Bob McCann took over as chief executive of UBS Wealth Management Americas his mission has been to turn around the firm’s ailing wealth management arm, which has seen hundreds of advisor defections.
On Monday, it looked as if McCann’s work was starting to bear fruit: UBS Wealth Management Americas [UBS] hired four advisors from Merrill Lynch/Bank of America [BAC] with combined assets of $352 million. The new team will join the firm’s Jacksonville, Fla., office, the company said.
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