UBS Loses East Coast, West Coast, Midwest Teams
September 13, 2019
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.
In Bethesda, Maryland, advisors Arun Sardana, Adam Proger and Paul Grambsch, who specialize in working with trade associations, endowments and foundations, moved last week to the employee channel of Raymond James Financial.
“Raymond James is very publicly not the top recruiting deal on the Street, and they likely had more lucrative offers, but the culture and the likely referral opportunity must have made sense,” said Louis Diamond, a recruiter in New York who was not involved in the move.