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March 08, 2021 at 02:23 PM
What You Need to Know
- Wells Fargo's advisor headcount has been dropping since the fake-accounts scandal broke in 2016.
- Dawson Wealth Management was with Wells Fargo for about 20 years.
- Edward Dawson joins UBS as a managing director.
Dawson Wealth Management Group, based in San Diego, has broken away from Wells Fargo after about 20 years to join UBS Wealth Management USA.
The move was the latest example of an advisory team jumping from one wirehouse to another. Wells Fargo declined to comment Friday.
The Dawson team is led by financial advisor Edward Dawson and includes associates Kyle Dawson, his son; Adrianne Hoy; Patty Bribiesca and Katherine Tawoda.
The team has “significant experience developing planning-based strategies, which enable clients to understand their wealth and the impact it can have on their families and society,” according to UBS.
“We chose to transition to UBS for its access to worldwide resources offered by a global firm, comprehensive research, close working relationships with branch leadership, and comprehensive wealth management platforms,” explained Edward Dawson, who joins UBS as a managing director.
He has spent over 30 years in the financial services industry, including as a rep for Wells Fargo Clearing Services from 2001 until the move to UBS, according to his report on the Financial Industry Regulatory Authority’s website.
Kyle Dawson, who joins UBS as a financial advisor, chose to follow in his father’s footsteps after graduating from the University of Miami. He spent seven years in sales and marketing roles prior to joining UBS.
