A UBS team managing $500 million in client assets and generating $3.1 million in annual revenue left the wirehouse to join Merrill Lynch, a spokeswoman said.
The team joined Merrill’s office in Palm Beach, Fla., and reports to James Chahine, complex director.
On the team are advisors Robert Debbs, who heads the group, Frederick J. Shapiro, Steven F. Colamarino, and Albert David Hutzler III. In a statement, Debbs said his team made the move in order to offer his clients a more diversified set of products and services.