UBS Wealth Management creates new planning and strategies group

Tony Roth, portfolio advisory group chief, to lead unit

Jul 16, 2010 @ 12:00 pm

By InvestmentNews staff

UBS Wealth Management Americas has created a new wealth-planning and investment strategies group that combines several units providing wrap and planning programs to wealthy clients.

The new unit is led by Tony Roth, currently the head of the broker-dealer's portfolio advisory team. According to an internal memo from Michael Perry, head of its wealth management advice and platforms unit, Mr. Roth will continue to lead the portfolio advisory team. In addition, he will oversee the manager and fund due-diligence group, as well as the wealth-planning unit.

Mr. Roth, who joined UBS in August 2008 from Bear Stearns & Co. Inc., also is charged with reaching out to trust-and-estate and investment experts in other parts of the firm to help create “differentiated portfolio, asset allocation and advanced wealth-planning strategies for ultrahigh-net-worth clients,” the memo said.

Prior to working at Bear Stearns, where he was co-head of advisory services, Mr. Roth established and managed the family wealth group at Sanford C. Bernstein & Co. Inc., according to the memo.

UBS Wealth Management Americas, which includes the retail-brokerage operations of the former PaineWebber, is a unit of UBS AG.

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