June 5, 2020
By Vicky Ge Huang and Mason Braswell
UBS Wealth Management USA this week lost three multi-million dollar teams, including a trio who left on Friday, who were generating a combined $15 million in production.
In Houston, Texas, Rockefeller Capital Management on Friday lassoed a three-broker team led by Shay Scruggs, a 19-year industry veteran, that generated $5 million in revenue, according to a person familiar with the move. The group, which includes junior partners Kevin Wright and Trenton Hollas, who have four and five years of experience respectively, oversaw $500 million in client assets, the source said.
The team, which will move into a new Houston office when it opens later this summer, is Rockefeller’s fifth in Texas and its second in Houston following its hiring last month of $4.5 million broker David Frankfort from Raymond James Financial’s Alex. Brown unit.