A seven-person team has left Merrill Lynch for UBS Wealth Management. The team, called the Coyle, Schmitt & Beaudoin Wealth Management Group, managed $1.3 billion in assets for high-end clients in Chicago. The team reportedly produced $6.7 million in trailing 12-month revenue, according to a source.
UBS executives shared that the term's experience and dedication to clients will be great assets to UBS, specifically as UBS continues to expand its ultra-high net worth client offerings.
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