Disillusioned UBS vet bolts wirehouse, declares independence on 65th birthday
June 24, 2020
Mindy Diamond Mentioned
By Ann Marsh
Ahmie Baum knows something about transitions.
After all, the longtime ex-UBS advisor who began his wirehouse career at E.F. Hutton in 1979 has been counseling clients on how to “navigate the known and the unknown” when they sell their businesses or retire from executive, medical or legal careers for 40 years.
So when it came time to make his own transition by going independent with help from Dynasty Financial Partners, Baum, who managed $400 million at UBS, recognized the decision had been 20 years in the making.
His new Pittsburgh-based RIA, Interchange Capital Partners, has six other team members, including his oldest son Brian Baum, who is a CFP. All are making the transition with him.
The decision to go with Dynasty dates back to a conversation he began with recruiter Mindy Diamond 20 years ago when she began to give him advice about going independent.
After choosing the platform provider over contenders including Kestra and LPL Financial, Baum learned from Dynasty that the transition would be finalized in June — by happy coincidence, on his birthday.