A pair of advisors who managed $200 million in client assets at UBS have affiliated with Steward Partners Global Advisory, giving that firm a foothold in the Los Angeles metropolitan area.
Valencia, California-based James Forsyth and Steven Miller will operate as the Valencia Group at Steward Partners.
“We work a lot with alternative investments and having the ability to access multiple platforms, whether it’s BNY Mellon/Pershing or Raymond James, depending on the client’s needs was extremely attractive to us,” Forsyth said in a statement.
Forsyth began his career at Morgan Stanley Dean Witter in 1997. He and Miller joined UBS as the Valencia Group in 2011.
Steward Partners is a hybrid firm in which affiliated advisors have an ownership stake.
“The idea of being a partner with equity in the company and still being able to run our practice the way we want, with an emphasis on financial planning and access to a wide range of investment sources, was very appealing,” Miller said in the statement.
The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.
Former Northwestern Mutual advisors join firm for independence.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
