UBS Poaches Long-Time Merrill Lynch Ohio Advisor Team Hot

Tom Ulrich had been with Merrill Lynch for his entire 34-year career, getting his securities license at the firm back in 1977. Junior partner Nick Bryant started his career at Merrill in January 2001.

Between them they managed $260 million out of their Akron, Ohio office, taking in $1.6 million in annual production.

As usual, no motive for the move has been made public, but we'll be watching to see whether Merrill manages to replace them fast -- and if so, what kind of advisors they find.

In terms of scale, $260 million represents a healthy book in terms of scale by nearly anyone's standard. But for a book that big, Ulrich and Bryant's production seems a little low on the wirehouse scale. 

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