UBS loses $228 million team to TRUE Private Wealth Advisors

The addition will bring TRUE's assets under management to more than $900 million.

Two advisers who managed $228 million at UBS in Portland, Ore., have left the firm and joined TRUE Private Wealth Advisors, which is based in Portland and Salem, Ore.

The combination has the potential to bring TRUE’s assets under management to more than $900 million, the company said in a release.

Jason Bratt and David Nanson are the advisers making the change, with associate Ashley Colvin.

Mr. Bratt began his securities career in 1997 at First Union Securities and moved to Prudential Securities in 2001. The firm was later acquired by Wachovia Securities, where he stayed until 2008, when he joined UBS.

Mr. Nanson joined First Union Securities in 1998 and moved to other securities firms with Mr. Bratt.

TRUE Private Wealth Advisors, which was launched in September, 2012 and has a staff of 14, is a member of the Dynasty Financial Partners Network.