$5 Billion Advisor Team Joins UBS Private Wealth Management in South Florida

Rhea-AI Summary

UBS Private Wealth Management has welcomed a six-person team that manages $5 billion in assets to its South Florida market. The team, led by Financial Advisors Brian Beraha and Vicente del Rio, includes experts in wealth planning, investment management, and client services. They previously built a successful business at J.P. Morgan Private Bank, focusing on ultra-high-net-worth families. This addition aims to enhance UBS's competitive edge in attracting wealthy clients in Miami, a market known for its influx of affluent families.

Positive

• Acquisition of a six-person team managing $5 billion in assets strengthens UBS's position in South Florida.
• The new team brings extensive experience in serving ultra-high-net-worth families and individuals.

Negative

• None.

UBS Private Wealth Management announced today that a six-person team managing $5 billion in assets has joined the firm in UBS’s South Florida market.

UBS Private Wealth Management announced today that a six-person team managing $5 billion in assets has joined the firm in UBS’s South Florida market. Pictured from left to right: Brian Beraha, Alexis Audisio, Jared Pillar, Michelle Gonzalez, Horacio Aguirre and Vicente Del Rio. (Photo: Business Wire)

The team is led by Financial Advisor’s Brian Beraha and Vicente del Rio, and also includes Financial Advisor, Horacio S. Aguirre, Senior Wealth Strategy Associates, Jared Pillar and Alexis Audisio, and Client Service Associate, Michelle Gonzalez. The team will report to Karl Ruppert, South Florida Complex Director at UBS Private Wealth Management. The team will also work closely with Richard Suss, Downtown Miami Branch Manager at UBS Wealth Management USA.

“Miami continues to attract wealthy families and their business interests from across the U.S. as well as the rest of the world,” said Karl Ruppert. “Our culture of collaboration across the organization provides world-class solutions that differentiates UBS from its competitors. I’m confident that Brian, Vincente and their team will do a great job helping clients reach their goals.”

Brian Beraha and Vincente De Rio join UBS following a decade at J.P. Morgan Private Bank where together, they built a successful business focusing on ultra-high-net-worth families and individuals in South Florida.

Prior to his tenure at J.P. Morgan Private Bank, Brian was with Merrill Lynch’s Private Banking and Investment Group. Brian’s areas of expertise include family office structuring and governance, complex credit, multi-generational wealth transfers, philanthropic giving, and assisting entrepreneurs in exit planning.

Vincente serves as the team's Portfolio Manager, leading the strategy and due diligence process on all investments. His areas of expertise include analysis of traditional and alternative asset classes, creating structured investment vehicles, and addressing concentrated wealth issues through traditional and nontraditional methods. In his prior role, Vincente was a member of J.P. Morgan's U.S. Private Bank Advisory Council, and a member of its Opportunistic Investment Committee. He graduated summa cum laude from Emory University with a bachelor’s degree in Economics and Spanish.

For nearly a decade, Horacio Aguirre has been working with ultra-high-net-worth families, advising them through long-term wealth planning, liquidity events, and optimal balance sheet structuring. Before joining UBS, he was an Investment Specialist at J.P. Morgan's Private Bank, where he focused on building customized investment portfolios. Horacio earned a bachelor’s degree in Business Administration and Finance from Florida International University.

Notes to Editors

About UBS Global Wealth Management

As the world's largest wealth manager, UBS Global Wealth Management provides comprehensive advice, solutions and services to wealthy families and individuals around the world. Clients who work with UBS benefit from a fully integrated set of wealth management capabilities and expertise, including wealth planning, investment management, capital markets, banking, lending and institutional and corporate financial advice.

About UBS

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS's strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted 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, 31% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 20% in Asia Pacific. UBS Group AG employs over 68,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

© UBS 2021. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210421005206/en/

FAQ

What recent team addition has UBS made in South Florida?

UBS has added a six-person team managing $5 billion in assets to its South Florida market.

Who leads the new team at UBS Private Wealth Management?

The team is led by Financial Advisors Brian Beraha and Vicente del Rio.

What was the previous employer of the new team at UBS?

The team previously worked at J.P. Morgan Private Bank before joining UBS.

What is the focus of the newly added team at UBS?

The team specializes in serving ultra-high-net-worth families and individuals.