A father, son and daughter running a UBS team with more than $300M in AUM have left the wirehouse to join the independent advisory channel, according to a spokeswoman.
Roger Ingwersen, his son Todd and daughter Laurie launched The Harvest Group, with assistance from regulatory and compliance firm MarketCounsel and the Hamburger Law Firm, which specializes in working with investment advisers, the spokeswoman said.
The team is based in Waltham, Massachusetts, about 15 miles west of Boston and operate as an RIA. The firm will focus on high-net-worth individuals and families, using a holistic approach to wealth management.
Plus, Merrill Lynch grabs UBS planners who managed $750 million in client assets.
The team has always had an "independent spirit," said Roger Ingwersen in a released statement. "In order to continue that legacy, we have made the important decision to operate independently, giving us the freedom to take full control of wealth management decisions that we believe are best suited for the needs of our clients and their families.”
-
The advisers, one of whom is a former football coach, are among the first to join the wirehouse since UBS unveiled sweeping changes to its comp plan.
August 22 -
Two are coming back to Mother Merrill, having worked there in the 1990s.
September 19 -
The regional firm's new recruits have experience in designing corporate equity compensation plans.
September 6
Before making the move to UBS, Ingwersen worked for Wachovia Securities, Prudential Securities and Bache Halsey Stuart, where he got his industry start in 1972, according to FINRA BrokerCheck records.
His son Todd has worked by his father's side since joining Prudential Securities in 1997. His daughter Laurie joined the family business at Prudential in 2000, BrokerCheck records show.
