A seven-person advisor team has departed UBS to launch an independent practice in Tequesta, Florida, with support from RIA accelerator Elevation Point. This marks another instance of an advisory team leaving UBS.
The departure of this team highlights ongoing challenges for UBS in retaining its wealth management talent, particularly as advisors increasingly opt for independent models. Such moves can impact client relationships and assets under management.
This event underscores the competitive landscape in the wealth management industry and the appeal of independent platforms for some advisors. For UBS, it represents a continued need to address retention strategies amidst evolving market dynamics.
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