UBS Wealth Management US has confirmed a Dow Jones report that it has hired 26 financial advisors from the stricken Lehman Brothers. The 26 had more than $60 million in combined production and about $12 billion in assets under management.

These hires follow UK bank Barclays acquisition of Lehman's private investment management unit, with around 350 brokers.

Marten Hoekstra, head of UBS Wealth Management US, is quoted as stating: "This influx of talented and highly productive advisors is gratifying because it demonstrates renewed confidence in UBS and our wealth management franchise."

Scott Stackman, Kenneth Witover, Adam Rosenthal, Jeff Kobernick, Robert Sechan , Heather Molin and Angela Mwanza joined the UBS New York private wealth management office. They produced $36 million in commissions and fees and managed $5.8 billion in prior assets. They will report to Frank Minerva, who will manage nine advisors in the office.

William Calvert, Stanley Abrams, Steve White, Thomas Barry, David Goodenough, Mike Wunderli, Kirk Wendorf, William Kun, Ryan McClellan, Johnny Chuchen, Michael Wallace and Kevin Kramer will work in the Los Angeles PWM office. They had $17.8 million in combined production and managed $4 billion in prior assets. They will report to newly-hired branch manager Barcley Perry, who will manage 28 advisors in the office.

Jeff Oster, Neil Konigsberg, Gregg Abernathy, Christopher Clifford, Charles Strickler, Laurie Presnell and Michael Barnowski will join the San Francisco PWM office; they had $8.2 million in combined production and managed $1.1 billion in prior assets and will report to Wendi Eckardt, who will have 35 advisors.