UBS lands $6.3M Merrill Lynch team

UBS AG announced the hiring of a top-producing three-man team from Bank of America Merrill Lynch today.
JAN 05, 2012
UBS AG announced the hiring of a top-producing three-man team from Bank of America Merrill Lynch today. The Findley Wise Group had trailing-12-month production of $6.3 million on more than $800 million in assets under management. Craig Findley, a Barron’s 1000 Advisor, and Ken Wise join UBS as managing directors. The third team member, Brian Funkhouser will be a first vice president. The team, based in Toledo, Ohio, will report to branch manager Jeffrey Catlin. UBS also announced the signing of a team of four Morgan Stanley Smith Barney LLC advisers in its Rochester, N.Y., office. Michael Amico, Michael Cooper, Rocco Pietropaolo and Philip J. DiPasquale oversee roughly $375 million in client assets, according to UBS. Production levels for the team were not disclosed. The four formerly worked at Smith Barney before the firm was merged into MSSB. They will report to Sam Messina, executive director and complex director for New York state for UBS. UBS recently has lured a number of advisers from competing wirehouses — most notably adding Ajay Desai, John Staab and Frank Pellicori from MSSB last month. That team oversaw client assets of $1.7 billion and generated $8 million in annual production. To see some of the latest — and largest — new recruits at UBS, click here.

Latest News

Envestnet eyes RIA benefits of Vestmark deal
Envestnet eyes RIA benefits of Vestmark deal

“[Vestmark] bring to us the very scaled sponsor trading,” said Envestnet’s Sue Burton.

FinCEN rule "essentially dead" for U.S. firms, compliance experts warn
FinCEN rule "essentially dead" for U.S. firms, compliance experts warn

With 99.9% of companies now exempt from ownership reporting, advisors face widening gaps in client due diligence data.

Inflation is gutting retirement savings and most Americans don't see what's coming
Inflation is gutting retirement savings and most Americans don't see what's coming

A new TIAA survey finds 43% of Americans cut retirement contributions in the past year, even as a Social Security cliff looms.

Private assets in 401(k) plans draw rising interest from savers
Private assets in 401(k) plans draw rising interest from savers

A new Schroders survey shows demand for workplace retirement access to private equity and private debt is climbing fast, but education lags.

RIA moves: CAPTRUST adds $1.1B Pacific Northwest firm
RIA moves: CAPTRUST adds $1.1B Pacific Northwest firm

Pacific Sage Partners brings eight staff and deep client relationships to CAPTRUST's expanding Washington presence.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor