A South Florida advisory team with over $470 million in assets under management will join UBS Private Wealth Management from JP Morgan, UBS announced today.
John Hardin is joining the private wealth management market in Miami from the firm's Coral Gables office along with Senior Wealth Strategy Associate Katelyn O'Hara.
Brad Rosenberg, chief market director in Miami for UBS Private Wealth, said the team was excited to welcome Hardin and O'Hara and championed their commitment to providing “personalized, best-in-class” service to customers.
Hardin joined JP Morgan in 2016, working with high net worth clients and family offices while holding the Chartered Financial Analyst designation. O'Hara was with JP Morgan Private Bank for three years, working with advisors focused on HNW clients in the Southeast. Prior to that, she worked in the global markets group of Goldman Sachs in Warsaw, Poland.
The duo will join Integra Partners, a private equity team led by Vicente Del Rio, Brian Beraha and Horacio Aguirre. Like Hardin and O'Hara, the team is originally from JP Morgan, but left for UBS in 2021. Since then, they have grown their book of business to more than $7.2 billion in assets under management.
At the beginning of this year, UBS moved investment banking chief Rob Karofsky to co-head its wealth unit with Iqbal Khan (Karofsky also heads the bank's US business while Khan is president of the Asia Pacific region, in addition to both executives' wealth duties). According to Bloomberg, the change complicated the race to succeed current Chief Executive Sergio Ermotti.
In the wake of leadership changes, UBS reorganized its wealth management segment creating a new unit called GWM Solutions, bringing the wealth offerings under one division. The new group is led by former Credit Suisse wealth banker Yves-Alain Sommerhalder, and its services include investment management, lending, family and institutional wealth alternative investment products and strategies, according to Bloomberg.