Howard L. Woo and Luke C. Schell, who managed $350 million at Merrill Lynch, have joined the Irvine, California, office of UBS Wealth Management. The two operate as Sequoia Partners.
Woo, a 21-year industry veteran, had been with Merrill Lynch for 13 years. Schell, who began his career in 2001 at Merrill Lynch, worked at other firms before rejoining, Merrill in 2009.
The Sequoia Partners team advises high and ultra-high net worth individuals and families on comprehensive retirement and cash flow planning, estate planning strategies, and portfolio management, including asset allocation, risk management, equity and fixed income portfolio construction, as well as alternative investments, UBS said in a press release.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
