UBS Hires Four HNW Advisors
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A father and his son are among four new financial advisers with a combined
$363 million of client assets who have recently joined UBS Wealth Management
Americas, a UBS spokesperson confirmed to Registered
Rep.
The family pair, Martin McLaughlin Sr., a 35-year industry veteran, and Martin
McLaughlin Jr., who has 23 years of experience, joined UBS in Westport from
Wells Fargo Advisors and will report to Judson Potter. McLaughlin Sr. had spent
18 years and his son 11 years at A.G. Edwards before it was acquired by
Wachovia Securities three years ago. Twelve months later, Wells Fargo purchased
Wachovia.
UBS also nabbed John Walsh and Kenneth White, who join the firm’s Albany office
from Morgan Stanley Smith Barney. They each have three decades of industry experience,
and spent 17 years at Smith Barney. The pair will report to UBS branch manager
Robert Lane.
The UBS spokesperson noted that the McLaughlins generated $1.5 million in
annual fees and commissions on $180 million in assets under management at Wells
Fargo Advisors. Walsh and White managed $183 million in client assets and
generated fees and commissions of $1 million at Smith Barney, she noted.
The latest hires by UBS Wealth Management Americas, the brokerage unit of Swiss
banking giant UBS AG, reflect its goal of attracting business from the ultra
rich in mostly major metropolitan markets in the United States.
