UBS Hires Private Wealth Management Team in Westlake Village, CA

Rhea-AI Summary

UBS Private Wealth Management USA has announced the hiring of Joshua Cummins as a Private Wealth Advisor in their Westlake Village office. Cummins, who brings over 25 years of experience and is a Chartered Financial Analyst, joins from Merrill Lynch. His team, managing over $1.1 billion in client assets, will focus on ultra-high-net-worth clients, including corporate executives and individuals in the entertainment industry. Cummins has been recognized in Forbes' Best-in-State Wealth Advisors (2023) and Wealth Management Teams (2024). This move is part of UBS’s strategy to enhance its private wealth capabilities in the Los Angeles area, under the leadership of Market Executive Lauren Gorsche and Market Director Kate Daniels.

Positive

• Joshua Cummins brings over 25 years of wealth management experience to UBS.
• Cummins Wealth Management at UBS manages over $1.1 billion in client assets.
• Cummins has been recognized on Forbes' Best-in-State Wealth Advisors (2023) and Wealth Management Teams (2024).
• The hiring expands UBS’s private wealth management capabilities in Westlake Village, focusing on ultra-high-net-worth clients.

Negative

• Potential integration challenges as Cummins transitions from Merrill Lynch to UBS.

LOS ANGELES--(BUSINESS WIRE)-- UBS Private Wealth Management USA today announced that Joshua Cummins has joined the firm as a Private Wealth Advisor in the Westlake Village office. Josh joins the firm’s Los Angeles Private Wealth Market, led by Market Executive Lauren Gorsche and Market Director Kate Daniels.

Joshua Cummins, UBS (Photo: Business Wire)

“As a highly talented advisor in the Westlake Village area, Josh works with many of the most successful business owners and families in the Los Angeles area and across the US,” said Kate Daniels, Los Angeles Market Director at UBS. “He and his team have deep expertise in guiding clients through the financial planning process and we’re excited to welcome them to our team.”

“Josh’s arrival immediately expands our private wealth management capabilities in the Westlake community,” said Lauren Gorsche, Market Executive for Southern California PWM. “His experience and emphasis on client service will be integral to our focus on ultra-high-net-worth clients in this part of Los Angeles.”

Cummins Wealth Management at UBS manages over $1.1 billion in client assets for corporate executives, entrepreneurs, and successful individuals in the entertainment industry. They focus on serving the complex needs of ultra-high-net worth clients while advising on all aspects of goals-based wealth management including financial planning, asset allocation, and portfolio management.

Josh is a Chartered Financial Analyst^®, who brings over 25 years of wealth management experience to UBS and joins us from Merrill Lynch. He has been recognized on numerous industry rankings, including Forbes Best-in-State Wealth Advisors (2023) and Forbes Best-in-State Wealth Management Teams (2024).

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 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

© UBS 2024. 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/20240709604610/en/

Media:

Christina Aquilina

Christina.Aquilina@ubs.com

https://www.ubs.com

Source: UBS

FAQ

What recent hiring did UBS announce in Westlake Village, CA?

UBS announced the hiring of Joshua Cummins as a Private Wealth Advisor in Westlake Village, CA.

What are Joshua Cummins' qualifications?

Joshua Cummins is a Chartered Financial Analyst with over 25 years of wealth management experience.

How much in client assets will Cummins Wealth Management manage at UBS?

Cummins Wealth Management at UBS will manage over $1.1 billion in client assets.

Which industry recognitions has Joshua Cummins received?

Joshua Cummins has been recognized in Forbes' Best-in-State Wealth Advisors (2023) and Wealth Management Teams (2024).

How does the hiring of Joshua Cummins impact UBS's strategy?

The hiring of Joshua Cummins expands UBS’s private wealth management capabilities in Westlake Village, CA, with a focus on ultra-high-net-worth clients.