UBS said this week that it's added two teams from Merrill: a trio overseeing $875 million in San Jose, California, and a team with almost $1 billion in AUM in Garden City, New York.
San Jose-based O’Connor & Associates is led by Ting O’Connor, who will be a managing director at UBS Private Wealth Management. O’Connor has 23 years of experience and had been affiliated with Merrill since 2001, according to her BrokerCheck report.
She’s joined in the move by two staffers, senior wealth strategy associate Jenny Brummer and client service associate Erica Soriano.
Garden City-based Cuneo Denihan & Associates is led by Paul L. Cuneo, who will be a managing director and financial advisor at UBS Wealth Management. Cuneo has 36 years of experience and had been affiliated with Merrill since 1987, according to his BrokerCheck report.
The members of his team are advisor Tim Denihan and client service associates Melissa Poyer and Patrick Lively.
Advisors can dodge looming fee compression by offering family office services like property and casualty insurance, explains Elevation Point's Jim Dickson as his firm brings on investment from the Milstein-family backed Emigrant Partners.
As Berkshire Hathaway remains a top-performing financial stock, ETFs that offer a similar value style could appeal to investors, according to CFRA.
Buyouts, layoffs, early retirements, and hiring freezes have added up to the steepest cuts in decades at the SEC and other federal agencies.
More than three-quarters of planners believe AI will enhance client service, but call for more training and guidance.
Elsewhere, Wells Fargo also recently announced several new hires from Cetera, Merrill Lynch, and JPMorgan.
From direct lending to asset-based finance to commercial real estate debt.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
