UBS has expanded its advisor force with the addition of a former Merrill Lynch team with $3.1 billion in assets under management.

The Binder, Chiate, Oratz & Brown team, comprised of Mark Binder, Craig Chiate, Glenn Oratz and Scott Brown moved to UBS’ Los Angeles, Calif., office. All four had previously been advisors with Merrill Lynch’s Private Banking and Investment Group, which focuses on high net worth clients with over $5 million in assets.

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