November 10, 2022
By Ali Hibbs
A father-son team overseeing nearly a billion in assets at UBS has jumped ship to establish an independent practice with help from TruClarity Management Solutions, a consulting firm and service provider for breakaway advisors establishing independent wealth management practices.
Based in Little Rock, Ark., Gutierrez Wealth Advisory specializes in serving high-net-worth clients and retirement plan providers. Co-founders Roy and David Gutierrez previously spent a combined five decades working at UBS, where they managed $330 million in client assets and advised on $625 million in retirement plan assets. On Monday, it remained undisclosed how many of those assets will transfer.
According to the announcement, Gutierrez intends to expand the family practice’s service model with custom solutions developed with the support of TruClarity, which helped with transition planning and developing operations infrastructure. The turnkey platform will continue to provide practice management support for the team.