Financial Advisors Join Forces with UBS in California

In a recent move, four financial advisors from Merrill Lynch have joined forces with UBS in California, bringing with them over $1.8 billion in client assets under management. The team, comprised of Mark Binder, Craig Chiate, Glenn Oratz, and Scott Brown, began their careers at Goldman Sachs before moving to Merrill Lynch's Private Banking and Investment Group.

Binder, Chiate, Oratz & Brown had previously been advisors with Merrill Lynch's Private Banking and Investment Group, focusing on high net worth clients with over $5 million in assets. With a combined 60 years of industry experience, the team has built strong relationships with their clients and have managed over $3.1 billion in assets.

The four teams that joined UBS from Merrill Lynch were led by individuals with extensive industry experience. David Mandel, who had previously been an advisor at Merrill Lynch, joined UBS's Encino office and reports to Robert East. James Chiate and Anthony Guinane, who together managed $500 million in assets, joined the Newport Beach complex and report to Michael Goldfader.

Christopher Gaal and Jeffrey Hamilton, who have over 30 years of industry experience combined, joined the Newport Beach office and also report to Meraz. Together they managed $550 million in assets. James Axelson and Barry Porter, who have been in the financial services industry for 19 years respectively, joined the Newport Beach complex reporting to Ron Meraz.

With this significant addition to their team, UBS has expanded its advisor force in California, bringing on board advisors with a wealth of experience and expertise. The company is committed to providing its clients with personalized service and tailored investment solutions, and this new team will play an important role in achieving that goal.

Overall, the move by these four financial advisors from Merrill Lynch to UBS is a significant development for the financial industry in California, and underscores the company's commitment to attracting top talent and building strong relationships with its clients.

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