A significant shift in the wealth management landscape has occurred as a South Florida advisory team, managing over $470 million in assets, transitions from J.P. Morgan to UBS Private Wealth Management. This move is expected to enhance UBS's presence in the Miami market, particularly in serving ultra-high-net-worth clients.
Key Takeaways
John Hardin and Katelyn O’Hara join UBS from J.P. Morgan.
The duo brings extensive experience in managing ultra-high-net-worth clients.
They will be part of the Integra Partners team, which has seen substantial growth since its formation.
UBS has recently restructured its wealth management segment, creating a new unit called GWM Solutions.
New Team Members
John Hardin, who has been with J.P. Morgan since 2016, specializes in working with ultra-high-net-worth clients and family offices. He holds the Chartered Financial Analyst designation, underscoring his expertise in financial management.
Katelyn O’Hara, a Senior Wealth Strategy Associate, has three years of experience at J.P. Morgan Private Bank, focusing on high-net-worth clients in the Southeast. Her previous role at Goldman Sachs in Warsaw, Poland, adds an international dimension to her skill set.
Integration Into UBS
Hardin and O’Hara will join the Integra Partners team, which is led by Vicente Del Rio, Brian Beraha, and Horacio Aguirre. This team also transitioned from J.P. Morgan to UBS in 2021 and has since expanded its assets under management to over $7.2 billion.
Brad Rosenberg, the greater Miami market director for UBS Private Wealth, expressed enthusiasm about the new additions, emphasizing their commitment to providing personalized, best-in-class service to clients.
UBS's Strategic Moves
Earlier this year, UBS underwent significant leadership changes, moving investment bank head Rob Karofsky to co-run its wealth unit alongside Iqbal Khan. This restructuring aims to streamline operations and enhance service delivery in wealth management.
The creation of a new unit called GWM Solutions consolidates various wealth offerings under one division. This new group, led by former Credit Suisse wealth banker Yves-Alain Sommerhalder, will provide a range of services, including:
Investment management
Lending
Family and institutional wealth alternative investment products and strategies
Conclusion
The arrival of John Hardin and Katelyn O’Hara at UBS marks a pivotal moment for the firm as it seeks to strengthen its foothold in the competitive South Florida market. With their extensive experience and the backing of a robust team, UBS is poised to enhance its service offerings for ultra-high-net-worth clients in the region.
Sources
$470M South Florida Advisor Joins UBS From J.P. Morgan, WealthManagement.com.