Two teams that collectively managed about $1.7 billion in client assets at Bernstein Private Wealth Management are joining UBS, the firm announced Thursday.
Charles Lynch leads one team, which includes senior wealth strategy associate Frank Ruggiano.
According to his BrokerCheck report, Lynch had been affiliated with Bernstein since 2007. He works with high-net-worth families, business owners, athletes and nonprofits. Lynch played in the National Football League for two years, including a year with the Atlanta Falcons, after playing football at Clemson University. He’s a member of the NFL Alumni and NFL Players Association.
The second team is led by Elijah Dornstreich and Ryan DePaul, and includes senior wealth strategy associates Michaela O’Connell and Jack Ramirez.
Dornstreich works with business owners and families, with a focus on pre-transaction planning. Before joining Bernstein in 2011, he founded Capital Business Partners, a lending firm for small business owners; earlier, he founded a middle market financial services and real estate company.
DePaul has 13 years of experience, starting at ING Financial Partners in 2009; he joined Bernstein in 2012. He works with high-net-worth individuals, business owners and corporate executives.
“We are proud to expand our team in Philadelphia, which is a growing and productive region for our business,” Julie Fox, Philadelphia D.C. market executive at UBS Private Wealth Management, said in a statement.
Referrals from centers of influence may open the door, but the real key to success for advisors comes from clarity about their ideal clients and where they want to show up.
Three advisor groups overseeing more than $700M in combined client assets head to new firms.
New research finds most Americans fear a US retirement crisis, while skepticism grows toward AI financial advice and crypto in retirement plans.
Getting a client into a fund has never been easier – but after that, the hardest part is yet to come.
A former NYLIFE Securities rep was permanently barred after using internet-enabled glasses to cheat on the Series 6 exam
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
