UBS said to have attracted a team of financial advisers from BNY Mellon Wealth Management in San Francisco.
Lauren Kinch and Andrew Baumgartner join UBS and partner with UBS advisors Chris Clifford and kate kennedy form Labyrinth Heritage Advisorsaccording to UBS.
The 12-person team, which includes attorneys, certified public accountants and a certified financial planner, caters to ultra-high net worth clients in Silicon Valley and the wider Bay Area, according to UBS. They offer advice on investment management, tax optimization, estate planning, wealth transmission and family inheritance, according to the firm.
“Lauren and Andrew are valuable additions to our team as we continue to focus on founders, early employees and Bay Area executives,” Todd Locicerohead of the west coast market at UBS Private Wealth Management, said in the announcement.
Kinch joined BNY Mellon in 2015 as a partner and since January 2021 has served as vice president and senior client strategist, according to her. LinkedIn profile.
Baumgartner joined the financial services industry in 2010, registering with Wells Fargoand moved to BNY Mellon in 2018, according to his BrokerCheck profile.
In addition to advising BNY Mellon clients, the duo also helped develop the firm’s wealth management platform offering, UBS said.
UBS ended the first quarter of the year with 6,199 advisors, compared to 6,335 at the end of March 2021.
The company’s second-quarter earnings report is due out next week.