Advisers on the Move

UBS team managing $250 million moves to Raymond James affiliate

David Bernacchia and Darren DeQuatro join Steward Partners Global Advisory in New York

Dec 5, 2017 @ 6:10 pm

By InvestmentNews

David Bernacchia and Darren DeQuatro, who managed $250 million in assets at UBS Financial Services in New York, have joined Steward Partners Global Advisory, a hybrid independent firm affiliated with Raymond James.

Headquartered in Washington, D.C., Steward Partners has offices throughout the Northeast and in Clearwater, Fla.

Mr. Bernacchia began his securities career in 1987 at Merrill Lynch and moved to Lehman Brothers in 1990. He joined PaineWebber in 1993 and moved to Morgan Stanley in 2000. He joined UBS in 2008.

Mr. DeQuatro joined Morgan Stanley in 2007 and moved to UBS in 2008.

They will work in the firm's New York office.


What do you think?

View comments

Recommended for you

Featured video


What's the top issue on advisers minds?

Laura Pierson from Carson Group discusses how the old topic of 'Human Capital' is hot again because of millennials.

Latest news & opinion

Best- and worst-performing sector funds and ETFs this year

A rising tide may lift all ships, but a bull market doesn't lift all stock sectors. Here are the best- and worst-performing sectors this year, with the top and bottom fund in each sector.

Betterment slapped with $400,000 fine from Finra

Robo-adviser cited for violating customer protection rule and not maintaining its books and records correctly.

Supreme Court ruling on SEC judges unlikely to upend advice industry

But it could give rise to new hearings for some advisers who are already in litigation with the agency such as Dawn Bennett.

It's official: DOL fiduciary rule is dead

The 5th Circuit Court of Appeals issued a mandate Thursday making its March 15 decision to strike down the regulation effective.

Advisor Group acquires Signator Investors and plans on folding it into Royal Alliance

Advisor Group takes 'orphan' broker-dealer off the hands of John Hancock Financial Services.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print