In April, UBS hired a three-person advisor team managing $1.8 billion in assets. A day later, it announced an even bigger get, a team overseeing $5 billion in assets. Two weeks after that, UBS landed an advisor duo with $2 billion in client assets.

Aside from the eye-popping asset figures, a common thread tied these and other recent hires together: The advisors all left private banks.

The…

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