UBS Loses $3.5B Team to New RIA, Hires $1.2B Philadelphia Advisor
UBS•A team that managed about $3.5 billion of client assets at UBS has launched Beacon Coast Partners, an independent RIA in San Francisco focused on ultra-high-net-worth clients navigating liquidity events. UBS also hired financial advisor Adam Conish in Philadelphia, adding $1.2 billion in assets under management to its Mid-Atlantic Market.
1. Beacon Coast Partners Launch
A team formerly responsible for about $3.5 billion in client assets at UBS has left to form Beacon Coast Partners, an independent RIA based in San Francisco. Led by Michael Evans and David Jasper—each with over 22 years at UBS—the firm uses Fidelity for custody and targets ultra-high-net-worth clients facing liquidity events.
2. UBS Philadelphia Hire
UBS Wealth Management has appointed Adam Conish as a financial advisor in Philadelphia, bringing a $1.2 billion asset book. He reports to Patricia Cashin in Greater Philadelphia and joins a team overseen by Market Executive Brendan Graham and Regional Director Julie Fox.
