UBS Scoops Up $1.3B FA Team from BofA Private Bank

UBS Wealth Management has nabbed a private wealth advisory team in Tampa, Florida, from Bank of America Private Bank, where they oversaw about $1.3 billion in total client assets. 

Advisors Jesse Flatt, Lea Ann Drew, Brandon Burns and Carlos Rodriguez will join UBS’ Southeast region and will be reporting to the firm’s Tampa Bay senior market director Jack Heiss.  

The team, which serves ultra-high-net-worth families and business owners, will join UBS’ Greater Florida/Gulf Coast Market, which is led by departing market executive Lane Strumlauf and market executive Tyler Hutchens. 

Additionally, the team provides wealth management services, including investment management, tax strategies, estate planning, and asset allocation, UBS stated. 

“They have spent decades building deep relationships throughout the Tampa community, and their addition will further strengthen the exceptional capabilities we offer clients,” said Julie Fox, UBS’ regional director for the Southeast market. 

The advisors bring more than 100 years of combined experience to UBS, Fox added. 

UBS’s addition comes after the firm expanded its footprint in Dallas, Texas, with the launch of its Wealth Advice Center more than 300 financial advisors serving 200,000 households across the country. 

The center will include a training facility for upcoming advisors, and in the next year, UBS plans to recruit top talent for its Financial Advisor Development Program.