$215 million advisor team joins UBS in New York City

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Tags

Rhea-AI Summary

UBS Wealth Management USA has welcomed a four-person team managing over $215 million in client assets, led by Financial Advisor David Powers, to its New York City branch. The team, which includes Senior Wealth Strategy Associates Josh Steuerman and Martin Schwartz, along with Registered Client Service Associate Kirsten Gabbett, will enhance UBS's wealth management capabilities in the region. David Powers, with over 27 years of experience, focuses on high-net-worth individuals and holds prestigious industry accolades.

Positive

Acquisition of a team managing over $215 million in assets.
Team members bring extensive experience and industry recognition.
Enhancement of UBS's wealth management offerings in New York City.

Negative

None.

10/06/2022 - 12:24 PM

NEW YORK--(BUSINESS WIRE)-- UBS Wealth Management USA announced today that a four-person team managing over $215 million in client assets has joined the firm in New York City. The team is led by Financial Advisor David Powers, and includes Senior Wealth Strategy Associates Josh Steuerman and Martin Schwartz, as well as Registered Client Service Associate Kirsten Gabbett.

They join UBS’s New York City Central Wealth Management Market, which is led by Dan Shepler, and will be based in the firm’s 299 Park Avenue office, managed by Elizabeth Sieghardt.

“We are incredibly excited to welcome David, Josh, Martin, and Kirsten to UBS,” said Elizabeth Sieghardt, Branch Manager of 299 Park Avenue at UBS Global Wealth Management. “The team’s unwavering commitment to clients backed by UBS’s comprehensive suite of capabilities positions them to deliver a best-in-class, differentiated wealth management experience.”

“We are committed to attracting and retaining the industry’s top talent in the New York City area,” said Dan Shepler, Market Head of the New York City Central Market. “The Powers Group is a great addition to our team as we focus on growing our branch and meeting the needs of our clients.”

David Powers is the founding member of The Powers Group and brings more than 27 years of wealth management experience to UBS. His practice centers on helping high-net-worth individuals, families, and businesses achieve their goals, with a particular focus on estate planning, retirement planning, lending and asset allocation strategies. Prior to joining UBS, David was a Financial Advisor at Wells Fargo Advisors. David has been recognized as a Forbes Best-In-State Wealth Advisor in New York as well as nationally at higher education conferences with 12 consecutive Barron's Top 100 Financial Advisors Summit nominations.

Notes to Editors

About UBS

UBS convenes the global ecosystem for investing, where people and ideas are connected and opportunities brought to life, and provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as to private clients in Switzerland. UBS offers investment solutions, products and impactful thought leadership, is the leading global wealth manager, provides large-scale and diversified asset management, focused investment banking capabilities, and personal and corporate banking services in Switzerland. The firm focuses on businesses that have a strong competitive position in their target markets, are capital efficient and have an attractive long-term structural growth or profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 30% of its employees working in the Americas, 29% in Switzerland, 20% in the rest of Europe, the Middle East and Africa and 21% in Asia Pacific. UBS Group AG employs more than 72,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).