UBS Wealth Management USA announced the addition of two teams of advisors from Merrill Lynch: the San Francisco-based Klinger Quan Group, which manages more than $1.3 billion in assets, and Hartford, Connecticut-based David Sacharko and Sean Siana, who oversee $340 million in assets.
The Klinger Quan Group is led by Jeffrey Klinger and Bradley Quan, who are joining UBS from Merrill Lynch Private Wealth Management. They're joined in the move by three staffers: senior wealth strategy associates Clinton Greene and Joram Jensen, and client strategy associate Ryan McAbel.
Prior to joining Merrill in 2013, Klinger spent five years at Credit Suisse and worked in the private wealth management division at Lehman Brothers. Quan also joined Merrill in 2013 from Credit Suisse; he began his career in 2003 as a business analyst at Lehman Brothers.
David Sacharko and Sean Siana, who operate as the Sarcharko Siana Group, are joining UBS from Merrill Lynch Wealth Management, along with a staffer, client service associate Barrett “Jake” Heyde
Sacharko had been affiliated with Merrill since 2004, according to his BrokerCheck report. Siana joined Merrill Lynch Wealth Management in 2014.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
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