UBS Wealth Management Americas has hired a team generating $3 million in annual fees and commissions from Ayco Co, a division of Goldman Sachs Group Inc (GS.N).

Trevor Fahr, David Folmnsbee, Andrew Noone and Ryan Anderson joined UBS (UBSN.VX) (UBS.N) in Dallas, according to filings from the Financial Industry Regulatory Authority.

The team previously oversaw $558 million in client assets, according to a person familiar with their business.

Ayco, which focuses on advising corporate executives, was acquired by Goldman Sachs in 2003. (Reporting by Helen Kearney; Editing by Lisa Von Ahn)

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