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Financial Advisory  + RIAs & Financial Advisors  | 
UBS Agrees to Buy Credit Suisse for $3.25B; SNB Offers CHF 100B Liquidity Backstop

UBS Lures Former Merril Lynch Advisor with $305M in Client Assets

UBS Wealth Management announced that Thomas Sheehan, an industry veteran of 25 years and former Merril Lynch advisor has joined UBS in Providence, RI, bringing about $305 million in client assets from high-net-worth families.

Sheehan is joined by a registered client service associate, Katie Ranney. The two will report to Ryann Kilgore, manager of the Providence office.

“Tom is well-versed in navigating family dynamics, which is key when providing clients with a comprehensive plan for the accumulation, retention and transfer of wealth,” William Cholawa, Greater New England market head at UBS Wealth Management USA.

Sheehan’s addition aligns with UBS’ strategy of recruiting experienced advisors who bring access to high-net-worth and ultra-high-net-worth clients in growing markets. UBS CEO Ralph Hamers reiterated that strategy in January, during the firm’s most recent quarterly earnings call.

The UBS Americas unit has more than 6,200 financial advisors.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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