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UBS on Friday introduced that it has added 11 monetary advisors throughout 4 groups, lightening the ranks of opponents Wells Fargo and Merrill Lynch within the course of.
From Merrill, UBS has added The BG Group, a 13-person workforce led by advisors Michael Bromberg, Daniel Gerschel, Joshua Ellner, Rob Mancino and Craig Weinstein, in keeping with a UBS press launch. The group oversees greater than $2.5 billion for high-net-worth people and households from throughout the nation, UBS stated. Purchasers embody executives, entrepreneurs, monetary funding professionals, well being care practitioners, attorneys and distinguished entertainment-industry professionals.
Bromberg positioned twelfth and Gerschel twenty third in Forbes’ April 2023 best-in-state rating of wealth advisors. The workforce joins the UBS Manhattan Wealth Administration Market and can report back to Market Director Kellie Brady.
“We consider we now have the strongest platform for Monetary Advisors within the Americas, and with our suite of high-net price capabilities and really world providing, advisors like The BG Group will be capable to ship the total energy of UBS to their shoppers,” Brady stated within the announcement.
Bromberg first registered in 1995, Gerschel in 2002, Ellner and Mancino in 2013, and Weinstein in 1991, in keeping with BrokerCheck. Their just lately concluded Merrill tenures ranged from 9 to 12 years.
Bromberg was registered at UBS beforehand, from 2001 to 2007, and in addition served an earlier tour with Merrill along with stops at Morgan Stanley and different companies. Gerschel was additionally registered at Morgan Stanley and left for Merrill in 2014, like Bromberg. Weinstein can also be starting a second go-around at UBS, having been registered there from 2001 to 2006.
Meet Me in Houston
UBS additionally introduced that monetary advisors Ignatius “Iggy” Liu and Cathy Lok have joined the agency’s Houston market in The Woodlands, Texas. The advisors, together with Senior Consumer Affiliate Sandra Cooper, function as The AWIS Funding Group, in keeping with the announcement.
The AWIS workforce helps enterprise house owners and households navigate enterprise cycles, enterprise into new enterprises, broaden operations and implement legacy plans, UBS stated. They report back to Houston Market Director Craig Vandegrift.
“Their {industry} expertise and dedication to shoppers might be a fantastic addition to our enterprise, and we look ahead to having them assist us proceed to broaden our shopper providing on this key market,” Vandegrift stated within the announcement.
Liu first registered in 2006, at Citicorp Funding Companies, and moved to Wells in 2018, in keeping with BrokerCheck. Lok had been solely registered at Wells, since 2002, per BrokerCheck.
Sounding Off
UBS’ Soundview Wealth Administration Market, comprising southwestern Connecticut, Lengthy Island and the White Plains workplace north of New York Metropolis, added two groups.
Rick Zins and Viv Coelho have joined UBS in Westport, Connecticut. The pair, who beforehand labored at Wells, report back to Market Director Erin McDonald.
Zins first registered in 1992, at Oppenheimer & Co., joined UBS in 1993 and moved to Wells in 2006, per BrokerCheck. Coelho first registered in 2003, at IDS Life Insurance coverage Co., and was registered at American Categorical, Chase Funding Companies and J.P. Morgan Securities earlier than becoming a member of Wells in 2015, in keeping with BrokerCheck.
In the meantime, a 3rd former Wells advisor workforce, Anthony Riina and Leonard Gabbidon, take part White Plains. They report back to Market Director John Houlihan.
Riina first registered in 1991, at Oppenheimer & Co., and moved to International America Inc., Dean Witter Reynolds, Citicorp Funding Companies and First Union Brokerage Companies. He joined Wells in 2000, in keeping with BrokerCheck.
Gabbidon first registered in 2007, at Chase Funding Companies, and moved to J.P. Morgan Securities earlier than becoming a member of Wells in 2014, per BrokerCheck.
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