UBS Wealth Management has added another advisor team from Merrill Lynch and not for the first time this year.
Led by financial advisor Charlie Bergman, an industry veteran with 25 years of experience, the BG Wealth Management also includes financial advisor Justine Greenwald who also has a quarter century in the industry, and client associates Lisa Moavero and Alona Porat.
The quartet manages $640 million in invested client assets and follows a duo with the same AUM who left Merrill Lynch for UBS in Florida in February.
Two teams also transferred between the two firms in January, including 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.
UBS is headquartered in Switzerland, but around 30% of its employees are based in the Americas across its divisions.
The latest additions to its U.S. wealth management business in expands the firm’s capabilities in Pepper Pike, Ohio.
“The team’s industry experience and dedication to their clients will be a great addition to our business, and we look forward to having them help us continue to expand our client offering in this key market,” said Deb Junior, Pepper Pike market director at UBS Wealth Management USA.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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