From Bloomberg– read original here
May 13, 2019, 8:30 AM EDT Updated on May 13, 2019, 1:12 PM EDT
UBS team overseeing $530 million latest to go independent
Breakaway firms have parked $25 billion on Dynasty’s platform
Another day, another team of wealth advisers leaving a Wall Street bank.
Four UBS Group AG private bankers overseeing $530 million in client assets are the latest to strike out on their own, creating a Portland, Maine-based firm called Great Diamond Partners, according to a statement Monday. Last week, five Bank of America Corp. advisers in Atlanta overseeing $450 million in client assets departed, while a $6 billion Texas […] Read more