UBS loses $228 million team to TRUE Private Wealth Advisors

The addition will bring TRUE's assets under management to more than $900 million.
DEC 05, 2017

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.

Latest News

SEC to lose Hester Peirce, deepening a commissioner crisis
SEC to lose Hester Peirce, deepening a commissioner crisis

The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.

Florida B-D, RIA owner pitches bold long-term plan to sell to advisors
Florida B-D, RIA owner pitches bold long-term plan to sell to advisors

IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.

Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships
Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships

Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.

Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions
Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions

A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.

Why the evolution of ETFs is changing the due diligence equation
Why the evolution of ETFs is changing the due diligence equation

As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management