UBS Private Wealth Management announced that two financial advisers who managed about $500 million in assets for high-net-worth and ultra-high-net-worth clients at Merrill Lynch Wealth Management will join UBS.
Mikail Qazi had worked at Merrill since 2005, after starting his career in 2003 at Brookwood Securities Partners, according to his BrokerCheck record. Timothy Martin had worked at Merrill since 2012.
Joining them in the move is Albana Droboniku, senior wealth strategy associate.
Fueled by a recent shot in the arm from private equity firm Carlyle, MAI adds a $490 million Atlanta RIA as it keeps building out its national footprint.
“Todd Burkhalter organized what is likely the largest Ponzi scheme in Georgia history,” said one FBI official.
With experience from Goldman Sachs and TD Ameritrade, the RIA's newest SVP hire adds to a recent wave of executive departures from hybrid Osaic.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
