$175M UBS team breaks away for ‘concierge level of service’
By Andrew Welsch
A team that managed $175 million at UBS quit to open an independent practice with Kestra Private Wealth Services, according to the company.
The team was driven in part by a desire to keep pace with changes in wealth management, according to team member Brendan McCarthy, who pointed to what he said were improvements in technology as well as greater accessibility to products and services for clients.
“I think without question that the independent space is where the industry is going,” McCarthy, director of wealth management, says. “Our challenge was to find the perfect partner for us.”