UBS Wealth Management Americas has added a former Morgan Stanley advisor with $345 million in assets under management as the war for top talent continued into late summer.
The firm tapped E. Gray Smith to help expand the Winston-Salem, N.C., office. Smith is a legacy Smith Barney advisor who began his career there in 1977, according to FINRA records.
Smith joined UBS on August 28 and previously produced some $1.8 million in fees and commissions.
He is joined by his client service associates Toni Murphy and Laura Norgaard.
The firm also recently added the Rasweiler Group of John Rasweiler, John Cusate, Jack Riley, Michael Jordao, Jesse Kent, and William Burkey. They joined in mid-August from Morgan Stanley where they managed a combined $4.8 billion in assets with $10 million in production.
UBS reported that it had 7,099 advisors at the end of June, up from 7,065 in the first quarter of the year.
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