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.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
