UBS Wealth Management Americas hired a team of three advisors from Morgan Stanley Smith Barney in its Los Angeles operation. Roger Stephens, Dan Rothenberg and Theodore Fisher will join the company. Stephens will continue to lead the team, which had $2.1 billion in assets under management and a trailing 12-month production of $5.2 million.
While offering the full range of wealth management services, the team specializes in corporate retirement plan consulting and 501(c) endowments, according to the company.
The team comes from Morgan Stanley Smith Barney and reports to Stephen McCashin, Los Angeles Complex Director. Stephens and Fisher are returning to UBS after four and a half years. “Los Angeles and Southern California constitute a significant growth region for UBS,” said Randall Grossblatt, Managing Director and Regional Director for Southern California, in a press release. “Welcoming this team back to UBS, with their longstanding client relationships and insider knowledge of the particular needs of Los Angeles clients will allow us to further develop our capabilities in this important wealth market.”
UBS’s 20 branches in Southern California employ about 500 advisors and 875 total employees, according to the company.