UBS team managing $4.8 billion launches RIA
UBS team managing $4.8 billion launches RIA The move comes at the closes of 2020, which has seen fewer breakaways exit than previous years, but with higher average AUM December 14, 2020 A team overseeing $4.8 billion in client assets has left UBS Financial Services Co. over the weekend to launch NewEdge Wealth, an independent RIA based in Pittsburgh. The new RIA was formed in partnership with EdgeCo Holdings Inc. and follows the acquisition earlier this year of The Private Wealth Partners, which serves ultra-high-net-worth clients. The UBS breakaways forming NewEdge include Jeffrey Kobernick,...