Merrill Grabs Advisors Producing $5.5 million From Rival UBS

Published Monday, August 13, 2007

Merrill Lynch won big last week in the aggressive industry-wide recruiting war for top advisors. The firm recruited away from UBS a team of three producers, and their support staff, with $2.5 billion in assets under management and $5.5 million in trailing 12-month production. Merrill had been courting the San Francisco-based team for a full seven years, according to a recruiter, who preferred to speak anonymously, who says Merrill’s shift in culture finally convinced the reps to make the move. Mindy Diamond, a columnist for this magazine and president of Diamond Consultants, a Chester, N.J., recruiting ...

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