Margaret Lech-Loubet is joining UBS’ Beverly Hills, California office, reporting to David Bigler, complex director. She has a T12 of $1.1 million and assets under management of $542 million.

Coming to UBS’ Palm Beach, Florida office from Merrill Lynch are Adrian Davis De Montluzin, Michael Melnyk and Carolyn Smith. The team reports to Philip Jordan, branch manager, and has a T12 of $1 million and assets under management of $258 million.

At the end of July the firm also added two advisors from Oppenheimer with a combined production of $1.2 million and assets of $100 million. Howard Leon and Anthony Mazzo transferred to UBS' Boca Raton office, reporting to Michael Ludwig, the branch manager.

The Swiss firm recently reported pre-tax profits at its Wealth Management Americas business of SFr140 million in the second quarter of 2011, up from SFr111 million in the first quarter. Net new money dropped however to SFr2.6 billion, compared to SFr3.6 billion in Q1.