UBS

It’s the second-biggest hire of the year for the wirehouse.

It’s one of the largest teams to quit a wirehouse this year.

After a volatile year, advisors get a reprieve when it comes to payout changes.

The new hires generated approximately $5 million in production before making the move.

Clients have been jolted into engaging with their total wealth, not just their money, says UBS’s Ultra High Net Worth and Private Wealth Management Americas head John Mathews.

The advisors know RBC’s Pittsburgh complex director from earlier in their careers, when all three men worked at Smith Barney.

The wealth management firm says the pandemic has proven how invaluable the benefit is for retaining talent.

The addition for Venture Visionary Partners grows its staff to 28 and total AUM to $3.7 billion.

The former wirehouse advisors specialize in financial strategies for high-net-worth clients, families and businesses.

The firm currently provides benefits to 10,000 employers and their 2 million employees.