A UBS private wealth team managing $1.5 billion in assets, led by Brian L. Lowenthal and Kristen A. Scarpa Bissett, has moved to Morgan Stanley in West Palm Beach, Florida. This follows significant outflows from UBS’s U.S. wealth unit after compensation changes in late 2024. Morgan Stanley continues to actively recruit top teams, while UBS aims to boost profit margins by focusing on higher-producing advisors despite some departures.
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$1.5-Billion UBS Private Wealth Team Skips to Morgan Stanley in Florida
A UBS private wealth team managing $1.5 billion in assets, led by Brian L. Lowenthal and Kristen A. Scarpa Bissett, has moved to Morgan Stanley in West Palm Beach, Florida. This follows significant outflows from UBS’s U.S. wealth unit after compensation changes in late 2024. Morgan Stanley continues to actively recruit top teams, while UBS aims to boost profit margins by focusing on higher-producing advisors despite some departures.