A team of advisors who oversaw $2 billion in client assets at UBS Private Wealth Management have joined RIA Beacon Pointe Advisors, the firm announced Tuesday.
Russell Crow and William Diehl head the Dallas-based group of six that serves approximately 50 ultra-high-net-worth households.
Their decision to join Beacon Pointe was based on the firm’s “fiduciary environment,” and the fact that it would allow them to provide clients with a robust investment platform as well as family-office levels of service, according to a statement.
Both Crow and Diehl have 24 years of experience, according to BrokerCheck; both had been affiliated with UBS since 2009 after earlier stints at Goldman Sachs and Morgan Stanley.
Their team includes senior relationship managers Julie Montgomery and Julie Anderson, senior associate wealth advisor Pierce Halsted, and associate wealth advisor Sarah Stubbs.
"The depth of experience and professionalism from this team is a great compliment to Beacon Pointe, said Shannon Eusey, CEO of Beacon Pointe.
Newport Beach, California-based Beacon Pointe, the nation’s largest female-led RIA, said the addition of Crow and Diehl’s group marked the first time it has welcomed a team breaking away from a wirehouse.
A $141M judgment and a federal asset freeze collide over one shrinking pool
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
