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.
FINRA's proposed rule filing would create a new 10-day fraud delay and nearly triple the maximum hold period for exploited senior investors
Fueled by a recent shot in the arm from private equity firm Carlyle, MAI adds a $490 million Atlanta RIA as it keeps building out its national footprint.
“Todd Burkhalter organized what is likely the largest Ponzi scheme in Georgia history,” said one FBI official.
With experience from Goldman Sachs and TD Ameritrade, the RIA's newest SVP hire adds to a recent wave of executive departures from hybrid Osaic.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
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
