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.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.
Wealth tech veteran Aaron Klein speaks out against the "misery" of client meetings, why advisors' communication skills don't always help, and AI's potential to make bad meetings "100 times better."
The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
