UBS makes headway in Maryland with $650M team

UBS makes headway in Maryland with $650M team
The five-person group is led by three financial advisors from Morgan Stanley with more than half a century of collective experience.
SEP 16, 2024

UBS has extended its presence in Maryland as team led by veteran financial advisors join the firm from Morgan Stanley.

The firm announced its hiring of Wingman Capitol Group, a five-member advisory team managing $650 million in client assets, to its Bethesda, Maryland office. Led by financial advisors Andy Murphy, Gene Suk, and Terence Hardy, the team brings extensive experience in serving high-net-worth and ultra-high-net-worth clients.

The Wingman Capitol Group also includes Casey Coffman as a senior wealth strategy associate and Ryan Vogel as a client service associate.

With a BrokerCheck record stretching back to 2005, Murphy has built up two decades of experience in financial planning and lending, before which he served as a flight officer in the United States Navy for nearly ten years. Suk brings almost 30 years of experience advising clients on financial planning and investment matters, while Hardy offers comprehensive financial planning for clients, including a focus on investments, retirement, and equity compensation. 

Julie Fox, market executive for UBS Philadelphia D.C. Wealth Management, expressed confidence in the team’s future at the firm.

“Andy, Gene, and Terence have decades of experience in the industry serving high and ultra-high net worth clients and we are proud to welcome them to UBS,” said Fox.

Jake Shine, the market director for UBS Philadelphia D.C., added: “The Wingman Capitol Group has a phenomenal reputation in the local community ... and we look forward to supporting their continued growth in the years ahead.”

The Wingman Capitol Group adds to UBS's record of recruitments at Morgan Stanley's expense so far this year, which include a $470 million Colorado group that joined in June and an LA-based team catering to entertainment industry professionals, business owners, and corporate execs that came on board in April.

Latest News

Judge OKs more than $90 million in settlement money for GWG investors
Judge OKs more than $90 million in settlement money for GWG investors

Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.

Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs
Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs

Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.

Retirement uncertainty cuts across generations: Transamerica
Retirement uncertainty cuts across generations: Transamerica

National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.

Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future
Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future

While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.

Raymond James continues recruitment run with UBS, Morgan Stanley teams
Raymond James continues recruitment run with UBS, Morgan Stanley teams

A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave