UBS Hires Brokers With $2.4 Million From SunTrust, Fidelity, Merrill
August 20, 2020
Mindy Diamond Quoted
By Mason Braswell and Vicky Ge Huang
UBS Wealth Management USA continued its campaign to selectively recruit to fill empty seats as it hired three brokers with $2.4 million in production from SunTrust Investment Services, Fidelity Investments and Merrill Lynch.
In Franklin, a suburb of Nashville, Tennessee, UBS hired Shaun Rowles, who was producing around $1 million in annual revenue and oversaw $157 million in client assets, according to a person familiar with the move.
“The market is very competitive for top advisors,” said Mindy Diamond, a New Jersey-based recruiter with Diamond Consultants. “If you only go after wirehouse advisors, you’re tapping a limited talent pool.”