A former UBS team overseeing $340 million in client assets has joined independent firm Kestra Private Wealth Services, in what’s the latest move in a series of advisors departing the wirehouse for smaller, regional rivals.
The Cranston, Rhode Island-based team, known as Northeast Investment Group, includes financial advisors and founding partners Jeffrey Boudjouk, Anthony Landi and Deborah Shuster, along with client relationship manager Kelly Almonte.
Boudjouk said they made the move to Kestra PWS in order to have greater freedom in how they serve their clients. “We wanted to partner with a firm that gave us all the tools, support and guidance needed to focus on our clients and grow our practice. Kestra PWS really delivered on that front,” Boudjouk said in a statement.
A spokeswoman for UBS declined to comment on the career move.
For Kestra PWS, a hybrid investment advisor subsidiary of Kestra Financial, the move comes close on the heels of a string of recent hires, mostly from other wirehouses. In April, the firm recruited a
“At Kestra PWS, our business is centered on fostering and maintaining close relationships with our advisors, similar to how Northeast Investment Group interacts with their clients,” Rob Bartenstein, CEO and senior managing director of Kestra PWS, said in a statement. “Advisors like Anthony, Jeffrey and Deborah want freedom from the wirehouse, and they want to have it with a support system that fills operational gaps while allowing them to focus on what’s most important — their clients.”
Last November, UBS
San Diego-based Kestra PWS operates across 11 offices, with more than $21.1 billion in total client assets.
