UBS Group - UBS STOCK NEWS

UBS Private Wealth Management has announced that Michael Rubenstein is joining The Matina Group at UBS in Naples, Florida. Rubenstein, who brings over 15 years of experience in legal and wealth management industries, will focus on business development, relationship management, trust, estate and financial planning, and investment management.

The Matina Group, a thirteen-person multigenerational team with offices in Naples, Short Hills, and New York City, has been serving clients across the U.S. for over two decades. Rubenstein previously worked as a senior fiduciary advisor for a bank trust company and holds multiple credentials including JD, MBA, LL.M, and CTFA. He is licensed to practice law in Florida and New Jersey.

A Southwest Florida native, Rubenstein graduated cum laude from Vanderbilt University and holds advanced degrees from the University of Miami and Villanova University. He is actively involved in the community, serving on various boards including the Jewish Federation of Greater Naples and the Starabilty Foundation.

UBS Wealth Management USA announced that The Schultz Group has been named to the Forbes/SHOOK America's Top Wealth Management Teams, High Net Worth list for 2024 for the second consecutive year. The Phoenix-based team, which ranked #1 in Arizona on the Forbes Best-in-State Wealth Management Teams list in 2023, is led by Steven L. Schultz, along with Stockton M. Schultz and Justin M. Low.

The team is part of the Forbes/SHOOK Top 100 teams that collectively manage over $490 billion in assets, focusing on households with accounts under $10 million. The team includes experienced professionals with multiple industry recognitions and specializes in investment management, education funding, and charitable giving structures.

UBS announced that three financial advisor teams - Wickham Cash Partners, LongBernsteinGunderson Wealth Management, and The Capital ESOP Group - have been named to the Forbes America's Top Wealth Management Teams Private Wealth list for 2024. These teams, part of UBS's Philadelphia D.C. Wealth Management Market, collectively serve ultra-high net worth and high net worth clients.

Wickham Cash Partners, based in Charlotte, brings over 225 years of collective industry experience. LongBernsteinGunderson maintains offices in Philadelphia, New York City, and Dallas, while The Capital ESOP Group operates from Washington, D.C., specializing in Employee Stock Ownership Plan transactions. The Forbes ranking includes 100 teams managing over $490 billion in assets, based on qualitative and quantitative criteria including interviews, compliance records, and revenue generation.

UBS Wealth Management has announced the addition of Jose Garcia as a Financial Advisor in their Miami office. Garcia joins the VPHN Wealth Partners team, led by Private Wealth Advisors Melissa Van Putten-Henderson and Doris Neyra. Previously at Wells Fargo Private Bank, Garcia managed over $500 million in client assets. He brings extensive experience from both Wells Fargo and BNY, specializing in high net worth and ultra-high net worth client services. Garcia holds a finance degree from Florida International University and an MBA from the University of Florida.

UBS Private Wealth Management announced that the AMD Wealth Partners team has joined their Miami office. The team, led by Financial Advisors Ary Velasco, Michael von Borsig, and David Cardenas, previously managed over $1.4 billion in client assets. The team brings nearly 80 years of combined experience in providing wealth management services to ultra-high-net-worth clients. Velasco brings four decades of experience, von Borsig has two decades of expertise with CFA and CAIA designations, and Cardenas contributes nearly a decade of experience in serving high-net-worth clients.

UBS Investment Bank has announced quarterly coupon payments for its ETRACS Alerian MLP Index ETN Series B (AMUB), traded on NYSE Arca. The ETN will pay a coupon amount of $0.2849 with a current annualized yield of 6.10%. The coupon valuation date is set for November 15, 2024, with an ex-date and record date of November 29, 2024, and a payment date of December 9, 2024.

UBS Wealth Management has announced the appointment of Jason L. Zachter as Managing Director and Financial Advisor in their Manhattan office. Zachter, who joins from Morgan Stanley, brings over a decade of experience in wealth management and will be based at the firm's 1285 Avenue of the Americas office. He specializes in serving business owners, attorneys, corporate executives, and financial professionals with a focus on goal-based wealth management strategies including retirement planning, risk management, and legacy building. Zachter holds an MBA in Finance from Baruch College and will report to Market Director Neal Cooper.

UBS Wealth Management has appointed Ryan Lurie, APMA™, to lead its Arizona offices. Based in Scottsdale, Lurie will oversee financial advisors and support staff in Phoenix and Scottsdale, reporting to Justin Frame, UBS Market Executive for the Pacific Desert market. His responsibilities include expanding business activities, recruiting advisors, and coaching team members while managing client accounts. Lurie joins UBS after serving as Managing Director at Ameriprise in Phoenix for nearly seven years. He holds various securities licenses and is FINRA-registered in Arizona, California, and 21 other states.

UBS has announced the hiring of Financial Advisor Anibal Drelichman in Washington, D.C., joining the UBS Philadelphia D.C. Wealth Management Market. Drelichman brings nearly three decades of industry experience, previously working at RBC Wealth Management. He specializes in comprehensive wealth planning and investment management services for individuals, business owners, nonprofits, corporations, and credit unions. With a law degree from American University and experience practicing law, Drelichman will work alongside Client Service Associate Fatema Sarker under Market Executive Julie Fox and Market Director Brendan Graham.