Advisers on the Move

Adviser team managing $340 million at UBS goes indie with Kestra

Jeffrey Boudjouk, two other advisers and assistant set up hybrid in Rhode Island

Jun 7, 2018 @ 1:37 pm

By InvestmentNews

A team of advisers who formerly managed $340 million at UBS in Cranston, R.I., have left the firm and established a hybrid, Northeast Investment Group, which has affiliated Kestra Financial.

The new firm will use Kestra's broker-dealer and registered investment advisory platforms.

Northeast is led by managing partners Jeffrey Boudjouk and Anthony Landi, and includes partner Deborah Shuster and Kelly Almonte, the firm's client relationship manager.

The new firm's advisers have been in the securities industry for decades and worked for several large firms. They all left UBS recently, except for Mr. Boudjouk, who was discharged by the firm last December. According to his BrokerCheck record, he was discharged for "failing to timely disclose a litigation and for a repeated failure to notify the firm of his deposition in that litigation; and for providing confidential client information and privileged documents to the parties of the litigation, both in violation of the firm's code of conduct and the firm's communication policies."

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Financial advisers highlight solutions to increase diversity and inclusion

These Excellence in Diversity & Inclusion award winners suggest short-term changes to help foster D&I in the financial advice profession.

Latest news & opinion

Ex-Wells Fargo brokers sue for damages, claiming they lost business in wake of scandals

In a Finra arbitration complaint, two brokers allege that Wells Fargo's problems damaged their business.

Invesco to buy OppenheimerFunds

Deal brings Invesco another $246 billion in assets, as well as high-fee actively managed funds.

Dawn Bennett found guilty of $20 million Ponzi scheme

Jury took less than five hours to convict the former financial adviser and radio host.

10 advisory firm employee benefits you won't believe

Some advisory firms stand out for their creative efforts to keep their troops happy and engaged. Spa retreat, anyone?

401(k) record keepers seek new revenue streams to 'save themselves'

Service providers are getting pinched by fee compression.

X

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 investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

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

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print