30-Year Industry Veterans Managing $850mm in Client Assets Leave UBS for Independence with Sanctuary Wealth.
Transition Case Studies
While not all moves we facilitate can be highlighted here, these are some moves that have received media recognition. Diamond Consultants is pleased to have represented these advisors and looks forward to hearing more about their growth in the future.
Browse an at-a-glance sample of representative deals…
For this team, the pandemic served as an opportunity to reflect on the past and how they could better serve their clients in the future.
Transition Announcement: Merrill Team with 152 Years LOS and $920mm AUM Moves to Raymond James & Associates
Mark Moyer, a Resident Director and Producing Manager at Merrill, and his family-based team were firsthand witnesses to changes which ensued once Bank of America took over.
2021 represented an extraordinary year of success in the wealth management industry. We’re proud to have helped so many advisors and teams find their best business lives
Transition Announcement: First Republic Private Wealth Management Welcomes UBS Advisor Managing Over $900mm
For Max Peckler, this transition was much more about the strong pull towards a better place to serve clients and grow his business—rather than the push away from UBS. While he built an extraordinary business over nearly 2 decades at UBS – landing on the Forbes America’s Top Wealth Advisors list and taking #2 for Best in State of Massachusetts in 2021 – Max felt he hit a ceiling in terms of how he could grow his business and serve clients.
Transition Announcement: Billion-Dollar Team Joins Morgan Stanley Private Wealth Management in Washington, DC
Hammond Han, a 33-year industry veteran, led the Liberty Capitol Group while at UBS. Uncertain about UBS’s long-term vision and commitment to its US wealth management unit, the Liberty Capital Group chose to move to Morgan Stanley to better serve their high net worth client base and run the practice more efficiently.
Stephen J. Groth, Patrick M. Cummings, Robert Chavez and Katrina R. Stump managed $1B in client assets and were all “Merrill lifers” with a collective 73 years of experience at the firm. But changes both at Merrill and throughout the industry landscape prompted the team to proactively perform due diligence, with the goal of determining whether they were best positioned to service their clients in the future.
For Barry Mitchell, a top UBS breakaway, launching RIA firm Next Level Private was the answer to this question. Because for Barry and his team to become true fiduciaries meant: Being free from any proprietary constraints and with the newfound ability to shop the street for the best possible products, services and price on behalf of their clients. The ability to create a truly bespoke offering designed specifically around what clients need and want.
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