UBS picks up Merrill adviser with $500M in assets

Stephen Davis joins the firm after spending his entire 21-year career at Merrill.
JUL 10, 2014
UBS Wealth Management Americas said it has picked up a former Bank of America Merrill Lynch adviser with $500 million in assets. Veteran adviser Stephen Davis joined the firm April 25, according to UBS spokesman Gregg Rosenberg. He previously produced more than $2.6 million in annual fees and commissions at Merrill Lynch, Mr. Rosenberg said. Mr. Davis's firm is called The Davis Group and operates in Westlake Village, Calif. He had been with Merrill for all of his 21-year career. Mr. Davis reports to Westlake Village branch manager Louis Skertich. See Advisers on the Move for all of UBS's latest adviser hires.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave