A group of advisers who managed more than $3 billion of client assets at Goldman Sachs is joining UBS Private Wealth Management.
John Hanley, Colin McKay and Michael Francis will work in the Washington, D.C., office of UBS Northeast Private Wealth. Hanley joined Goldman in 2004.
The team joining UBS also includes trust and estates specialist Karlyn Wright, senior associate Louis McCabe and administrator Katherine Andes.
All six team members must complete their garden leaves before joining UBS, according to the press release.
With targeted "comfort calls" and strategically automated follow-ups, advisors who leverage their CRM systems effectively can show up when clients need them most.
The plan could offer $24,000 in relief for some taxpayers, but experts warn of consequences.
"I've seen lots of denial in this business but this GPB thing take the cake," says one industry executive.
Commentary from state-owned publication blasts sale to investor consortium as "spineless groveling," denting Hong Kong-based firm's stock.
Higher interest rates and a strong US dollar, which traditionally act as headwinds, haven't deterred market-stung investors from seeking refuge in the yellow metal.
In an industry of broad solutions, firms like intelliflo prove 'you just need tools that play well together'
Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies