UBS Wealth Management Americas has hired four advisors from Merrill Lynch/Bank of America to join its Jacksonville, Florida, office, Reuters reports.

Team members Christopher Neri, Kevin Pacciano and Gary Harden previously oversaw a combined $285 million in client assets and generated $1.4 million in annual fees and commissions, the news service said, citing an unnamed source.

Harden was a 37-year veteran of Merrill Lynch, according to FINRA filings. Neri spent 16 years and Pacciano spent 10 years at the company, according to the regulator. The team joined UBS last week, while Julian Pace also joined UBS's Jacksonville office from Merrill Lynch. Pace spent three and a half years at Merrill Lynch, according to FINRA filings, the report added.

As reported yesterday, UBS is said to be expecting a rise in the number of its advisors in the second half of this year, implying that it sees an end to the outflow of client assets from its wealth management business.