02.13.26

$1.5 Billion UBS Private Wealth Team Skips to Morgan Stanley in Florida

by: Karmen Alexander

A private wealth team managing $1.5 billion in client assets has left UBS Wealth Management USA to join Morgan Stanley in West Palm Beach, Florida, according to sources familiar with the move. The team, formerly known as Berman Partners at UBS, includes advisors Brian L. Lowenthal and Kristen A. Scarpa Bissett along with support staff, and follows a broader pattern of advisor movement amid ongoing recruiting competition among major wirehouses. UBS has acknowledged recent advisor departures tied to compensation changes and asset outflows, while Morgan Stanley continues to add teams as part of its strategy to boost net new assets through recruiting.

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