UBS Hires Financial Advisor Mariam Adams

Rhea-AI Summary

UBS has announced the addition of The Adams Group, led by financial advisor Mariam Adams, to its team. The Adams Group manages over $170 million in client assets and includes Client Service Associate Albert Ortiz. Known for serving clients from diverse backgrounds, with a focus on LGBTQ+ individuals and their families, the team will operate from New York City within UBS’s Philadelphia D.C. Wealth Management Market. Mariam Adams, who brings nearly a decade of wealth management experience from Merrill Lynch, specializes in financial planning, investment management, inheritances, estate planning, and charitable giving. Her extensive background includes board positions with several LGBTQ+ organizations. Market Executive Julie Fox expressed confidence that UBS’s platform will enhance the team’s ability to serve clients. This move follows UBS’s recent investments in market expansion, including new office spaces and hires.

Positive

• UBS has expanded its team with the addition of The Adams Group, managing over $170 million in client assets.
• Mariam Adams brings nearly 10 years of wealth management experience, enhancing UBS's advisory capabilities.
• The team specializes in serving LGBTQ+ individuals, expanding UBS's client reach in this community.
• The Adams Group's inclusion aligns with UBS's recent investments in new office spaces and hires, indicating growth.
• Mariam’s extensive involvement with LGBTQ+ organizations may enhance UBS’s community engagement and reputation.

Negative

• There is no mention of specific financial contributions or revenue impacts from this acquisition, leaving future financial benefits uncertain.
• The press release lacks details on any immediate returns or cost implications of hiring The Adams Group and expanding offices.
• Potential integration challenges could arise as The Adams Group adjusts to UBS's existing systems and culture.

PHILADELPHIA--(BUSINESS WIRE)-- UBS today announced that financial advisor team The Adams Group has joined the firm. The team, which manages over $170 million in client assets, is led by Financial Advisor Mariam Adams, and also includes Client Service Associate Albert Ortiz.

The Adams Group provides a wide array of financial services to clients from diverse backgrounds with a focus on advising LGBTQ+ individuals, their families and allies. The team will continue to be based out of New York City and be part of the firm’s Philadelphia D.C. Wealth Management Market, led by Market Executive Julie Fox.

“Mariam is a talented financial advisor and we are proud to welcome her to UBS. We are confident that our powerful wealth management platform and capabilities will help Mariam and her team better serve clients,” said Julie Fox, Philadelphia D.C. Market Executive at UBS Private Wealth Management. “Over the past year, we have invested heavily in our market, with new office space and new hires, and we look forward to continuing to expand our offerings and reach in this important region.”

Mariam brings nearly 10 years of wealth management experience to UBS and previously was a Senior Financial Advisor with Merrill Lynch Wealth Management in New York City, where she joined in 2014. She advises clients about financial planning, investment management, inheritances, estate planning and charitable giving.

Mariam has served on the Board of Advisors for the Gender & Family Project (GFP), which provides gender affirmation services and research to young people and their families. She also served on the Board for the country’s largest LGBTQ+ homeless youth organization, The Ali Forney Center. Currently, she sits on the Board of the New Paltz Pride Coalition in New York’s Hudson Valley. Mariam holds a Master’s Degree from the University of Pennsylvania and a Bachelor’s Degree from Northeastern University.

Notes to Editors

About UBS

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 5.5 trillion dollars of invested assets as per second quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 countries around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

https://www.ubs.com

© UBS 2024. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. Past performance is not an indication of future results. For press use only.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240531812905/en/

Scott Gamm

Strategy Voice Associates

scott@strategyvoiceassociates.com

Source: UBS

FAQ

Who is Mariam Adams in the UBS press release?

Mariam Adams is a financial advisor leading The Adams Group, which has joined UBS. She brings nearly 10 years of wealth management experience from Merrill Lynch.

What assets does The Adams Group manage?

The Adams Group manages over $170 million in client assets.

What is the significant focus area for The Adams Group?

The Adams Group focuses on advising LGBTQ+ individuals, their families, and allies.

Where will The Adams Group operate from within UBS?

The Adams Group will operate out of New York City within UBS's Philadelphia D.C. Wealth Management Market.

What recent investments has UBS made in its Philadelphia market?

UBS has invested in new office spaces and hires over the past year to expand its offerings and reach in the Philadelphia market.