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

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."