Close Close
ThinkAdvisor

Industry Spotlight > Women in Wealth

UBS Nabs 3 Wells Fargo Advisors Managing More Than $400M

X
Your article was successfully shared with the contacts you provided.
UBS AG’s headquarters in Zurich, Switzerland. (Photo: Gianluca Colla/Bloomberg)

Three Wells Fargo financial advisors who manage more than $400 million in client assets have joined UBS Wealth Management USA in California.

Henry Anthony (Tony) Hernandez and Robert Magallanes will be based in Irvine, Orange County, while Carl Nelson will be based in downtown Los Angeles, UBS said Tuesday.

Hernandez has more than 30 years of industry experience and joins UBS as senior vice president — wealth management. He works mainly with domestic clients but also has strong expertise working in international business with Latin American clients, according to UBS.

Hernandez joined Wells Fargo in 2009, after spending one year at Chase Investment Services, 10 years at Wamu Investments, two years at Gateway Investment Services and his first six years in the industry at Invest Financial Corp., according to the Financial Industry Regulatory Authority’s BrokerCheck website.

Magallanes, meanwhile, has more than eight years of experience as a financial advisor, all with Wells Fargo, according to BrokerCheck. He joins UBS as vice president — wealth management.

Nelson has over 16 years of experience in the financial services industry, all at Wells Fargo, according to his LinkedIn profile. He joins UBS as senior vice president — wealth management.

Nelson has significant private banking experience, focusing on ultra-high-net-worth clients, according to UBS. He is joining the Summit Wealth Management Group at UBS, a signature team of seven financial advisors, in the downtown Los Angeles office, the firm said.

“We’re excited to welcome Tony, Robert and Carl to UBS,” according to Justin Frame, Los Angeles/Orange County market head at UBS Wealth Management USA.

Frame joined UBS four months ago, after more than 24 years at Morgan Stanley, UBS said. Since joining UBS, he has “actively been working to hire financial advisors with strong local roots,” according to the firm.

— Related on ThinkAdvisor: