By Ian Wenik, Citywire – Dynasty Financial Partners has launched its second RIA in a three-day span. The middle and back-office service provider said Thursday that it has partnered with new Pittsburgh-based Interchange Capital Partners, a seven-person ex-UBS team.
By Ross Snel, Barron’s – A financial advice team that managed $1.2 billion at UBS has taken the leap to independence with the assistance of Dynasty Financial Partners. So reports WealthManagement.com, which writes that the new firm will be called Cyndeo Wealth Partners. The name comes from the Greek word syndeo, which means “connect.”
By Ian Wenik, Citywire – A team of ex-UBS advisors in California has launched its own TruClarity-backed RIA. Father-and-son duo Nick and Bryan Garris, along with Orlo Elfes, have launched TriaGen Wealth Management in Calabasas, Calif. The team managed around $330m while at the wirehouse.
By Investment News – A three-adviser team managing $330 million in assets at UBS has formed TriaGen Wealth Management, a registered investment adviser, in Calabasas, Calif.
By Alex Padalka, Financial Advisor IQ – An experienced UBS financial advisor has left the firm to form a new wealth management practice. Anne Johnston has launched Los Angeles-based Created Wealth Advisory to serve multi-generational families, creative professionals and baby boomer women, according to a press release from the company.
By Vicky Ge Huang, AdvisorHub – Morgan Stanley has reached into rival UBS Wealth Management’s talent base, hiring a duo in Houston for its private wealth unit and a broker in Long Island managing $215 million. The team of Jeff Parker and Rafael Herrera, who spent their entire two-decade brokerage careers with UBS and predecessor PaineWebber, left Friday for the elite private wealth unit of Morgan Stanley that houses about 250 teams serving very wealthy investors.
Louis Diamond Quoted – By AdvisorHub Staff – Three teams of UBS Wealth Management Americas advisors whose leaders each have more than 20 years of experience left in recent days, adding to a net outflow at the wirehouse.
By Andrew Welsch, OnWallStreet – 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.
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