UBS Wealth Management Americas has bolstered its broker force in Aventura, FL, bringing in a team of advisors from Morgan Stanley Wealth Management, Reuters reports.

Advisors Michael Bulhack, Mario Ponczek and Douglas Ponczek previously managed $423 million in client assets and generated $1.6 million in annual revenue.

According to the report, they were legacy Citigroup Smith Barney advisors who joined Morgan Stanley Wealth Management following the merger of Citi's Smith Barney and Morgan Stanley's wealth unit in 2009. Prior to Citi, they were at Lehman Brothers.

Bulhack, who was a first vice president at Morgan Stanley, and Mario Ponczek, who was a senior vice president, had been with the firm for over 20 years.

UBS had not responded to a request from Family Wealth Report to comment on the move in time for publication. Reuters said Morgan Stanley declined to comment.

According to moves tracked by the news service, since the start of the year UBS has added at least 68 individual veteran advisors/teams managing over $9.5 billion in client assets at their old firms.