UBS Wealth Management Americas added yet two more financial advisors in its Aventura, Fla., office. David Hatz and Thomas Zur joined the firm and will both report to Erin Borger, branch manager.
Hatz joins UBS from Morgan Stanley Smith Barney in Aventura. Prior to that, he was an advisor at Paine Webber. He began his career in New York City. Zur began his career at Merrill Lynch, also in Aventura, about 15 years ago. He joined UBS to work with another recent recruit, Sean Clancy, who came over two months ago from Janney Montgomery, according to UBS. Clancy will act as the fixed-income partner on the team, while Zur will handle equities and financial planning.
UBS has been on a recruiting roll over the past couple of weeks. It recruited Tom Jenkins in the Houston office from Merrill Lynch, and Jack Schecter joined the New York office from Morgan Stanley Smith Barney. They generated $2.2 million and $1.9 million, respectively.
A couple days before that, it named Todd Locicero office manager of its Los Angeles Private Wealth Management office. And a few days before that, it recruited Martin McLaughlin Sr. and Martin McLaughlin Jr. to its Westport, Conn., office.
UBS has staked its future on a strategy of serving the very high-end clients and focusing mostly on the large metropolitan areas. Bob McCann, who joined the firm 11 months ago as CEO of Wealth Management America, was brought in to turn around the struggling. He said he intends to transform the culture of UBS to be more of a boutique mindset, with fewer markets and a smaller advisor force than other wirehouses, but focusing on higher-net-worth clients.