Jan 23 UBS AG's Wealth
Management Americas said on Wednesday it landed a veteran
adviser from Bank of America Corp's Merrill Lynch.
Adviser Todd Starkey, who had been at Merrill for more than
a decade, moved to UBS's Melbourne, Florida office last
Thursday. Starkey was previously based out of Merrill's Merritt
Island office and managed $260 million in client assets.
Starkey, who was joined by senior registered associate
Candace Pelham, generated $2.1 million in annual revenue last
Bank of America confirmed the departure but declined to
UBS and Merrill rank among the top U.S. brokerages, along
with Morgan Stanley Wealth Management and Wells Fargo Advisors.
The four firms often vie for the same pool of veteran advisers.