UBS snags team of $3M producers from Merrill Lynch

UBS snags team of $3M producers from Merrill Lynch
UBS Financial Services Inc. has hired on three long-time Merrill Lynch financial advisers managing $450 million in assets and producing $2.85 million in fees and commissions over the last 12 months, the firm announced today.
SEP 19, 2011
UBS Financial Services Inc. has hired on three long-time Merrill Lynch financial advisers managing $450 million in assets and producing $2.85 million in fees and commissions over the last 12 months, the firm announced today. Makram Talia, Robert Loupee and Michael Graziani will join UBS' office in Farmington Hills, MI. Both Mr. Talia and Loupee have been employed by Merrill Lynch for 33 years—Mr. Talia as an adviser for the entire time. Mr. Loupee served as the complex director in the Auburn Hills Complex with responsibility for the Auburn Hills, Flint, Saginaw and the Lakeside branches for five years, before returning to his advisory practice five years ago. Mr. Graziani, who joined Merrill Lynch 16 years ago, spent the last 14 years working on a team with Mr. Loupee. The advisers will report to John Bush, Complex Director for the Farmington Hills complex. Matt Card, spokesman for Merrill Lynch Global Wealth Management confirmed the three advisers' departure. Not including the addition of these three Merrill advisers, UBS has added five teams with a combined $1.7 billion in assets in the month of August, according to InvestmentNews' Advisers on the Move Database. You can view more info on these teams by clicking here.

Latest News

Orion, RFG moves take aim at onboarding and transition speed
Orion, RFG moves take aim at onboarding and transition speed

Orion and RFG Advisory tackle account-opening delays with new updates as custodial integrations reshape how fast advisors can move client assets.

Corient adds $5B New York multi-family office Seven Bridges
Corient adds $5B New York multi-family office Seven Bridges

The deal extends the acquisitive mega-RIA's rapid 2026 expansion as industry consolidation hits record levels nationwide

Navigating the straight
Navigating the straight

As recent Middle East tensions put the Strait of Hormuz back in focus, a structured process with purpose can help protect investors against their natural self-sabotaging tendencies in choppy markets.

Commonwealth-affiliated Longwave hires from LPL-affiliated firm amid Pacific Northwest expansion
Commonwealth-affiliated Longwave hires from LPL-affiliated firm amid Pacific Northwest expansion

ESG-focused Longwave Financial, approaching $1B AUM, acquired Seattle-based MG Financial and hired a client services manager from an LPL-affiliated firm.

Securitize becomes RIA as tokenized assets near $37B record
Securitize becomes RIA as tokenized assets near $37B record

Tokenization goes mainstream with regulators watching prompting some firms to take a proactive approach.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income