Raymond James has poached another veteran financial advisor from UBS.

Richard Austin, along with client service associate Corrie Simpler, has joined Raymond James & Associates, the firm’s employee broker-dealer, in Montgomery, Ala., the company says in a press release.

Austin previously managed more than $193 million in client assets at UBS, Raymond James says.

Austin began his financial services industry career in 1985 and had stints at Merrill Lynch and Morgan Stanley, among other firms, before joining UBS in 2009, according to his BrokerCheck profile.

In October, RJA lured a team of UBS advisors in Maryland overseeing close to a billion dollars.

Raymond James had 8,011 advisors at the end of September, a gain of 107 over the previous quarter. Since the beginning of October, Raymond James has also added advisors from Wells Fargo, Merrill Lynch, Morgan Stanley and RBC Wealth Management but lost a pair to LPL Financial.

UBS’ advisor ranks shrank around 4% in the 12 months ending Sept. 30, as reported.

Since then, it also lost brokers to Wells Fargo Advisor FiNet as well as JPMorgan, First Republic Bank, Stifel Financial and RBC, while several UBS brokers have gone independent.

However, Tom Naratil, co-head of UBS’s wealth management division along with Iqbal Khan, told Reuters last month that he’s confident the firm can shed even more advisors but still become twice as profitable by focusing on wealthier clients and more productive brokers.