Jordan Gersch, Doug Brady, Michael Grant Matthews and Amy Oliver, who collectively managed $1.4 billion at Morgan Stanley, have joined UBS offices in Northern California.
Gersch, who spent 11 years at Morgan Stanley, is based in the firm’s San Francisco office. Brady, a 26-year veteran of the firm, is based in the Los Gatos office of UBS; and Matthews and Oliver, who formed at team in 2009, are based in Menlo Park, UBS said in a press release Friday.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
