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Martin McLaughlin Sr. and Martin McLaughlin Jr. joined the Westport office of UBS Wealth Management Americas.
They came over from Wells Fargo, where they had assets under management of $180 million and generated fees and commissions of $1.5 million. They will report to Judson Potter, a complex director for UBS Wealth.
Meanwhile, John Walsh and Kenneth White joined UBS’ office in Albany, NY. They came from Morgan Stanley Smith Barney and they will report to Robert Lane, branch manager. They had $183 million in assets under management and $1 million in trailing-12 production.
UBS has staked its future on a strategy of serving the very high-end clients and focusing mostly on the large metro areas. It had announced last week that it had recruited two other million-dollar advisor teams from rivals Morgan Stanley Smith Barney and Merrill Lynch.
Raymond Schmidtke joined UBS’s Seattle operation from Morgan Stanley Smith Barney. And Nina Hakim was recruited to the Westfield, NJ operation from Bank of America Merrill Lynch. And last month, UBS snatched up two other advisors from MSSB. Paul Gilman and Marshall Hagen joined the firm’s Wealth Management Americas office in New York City. Together, the pair previously oversaw $296 million in client assets and generated up to $2.6 million in annual fees and commission.
As Group Managing Editor of SourceMedias Investment Advisor Group, Lee oversees all editorial aspects of our Bank Investment Consultant brand. He has spent half his 20-year journalism career at SourceMedia and legacy companies. Before taking over BIC in April 2011, he spent more than three years as managing editor of On Wall Street. And before that he was a senior editor at U.S. Banker magazine for four years. He also worked as an editor in the newsletter unit of legacy divisions of the company for three years, covering various aspects of the fixed-income markets.
űLee started his career as a reporter at the St. Louis Business Journal after graduating from the University of Missouri with a B.S. in economics. He is currently working toward an MBA at Baruch College, part of City University of New York.
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