Five veteran advisers who collectively managed $1.3 billion at Merrill Lynch have joined UBS Wealth Management in New York City and Paramus, New Jersey.
Peter E. Murray, David W. Peeler and Andrew V. DiPaola will be based at the firm’s office at 299 Park Avenue, and Gregory J. Amerkanian and Michael C. Gogliormella will be based in Paramus, the firm said in a press release Wednesday.
Murray spent the last 24 years at Merrill; Peeler, 11 years; DiPaola, 13 years; Amerkanian, 29 years; and Gogliormella, 19 years.
With growth topping succession as the leading M&A driver, referral programs are a top of mind consideration for advisory firms making moves as Goldman Sachs, Pershing and Robinhood consider entering the referral market.
The $8 billion RIA is getting more fuel for geographic expansion and recruit top talent through a minority investment partnership.
The rush of SEC applications, which also includes JPMorgan and Schwab, reflect growing optimism over the tax-busting fund structure.
The half-dozen teams who joined the hybrid RIA in the early innings of 2025 have lifted it past a key asset milestone.
Meanwhile, GPB senior executives' sentencing for fraud pushed to May.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
