Two Philadelphia-based private wealth advisor teams that manage $1.7 billion in assets will join UBS, the company announced today.
The teams, one led by private wealth advisor Charles Lynch and the other led by private wealth advisors Elijah Dornstreich and Ryan DePaul, were formerly affiliated with Bernstein Private Wealth Management.
Lynch, Dornstreich and Depaul will join UBS’s Philadelphia D.C. market, led by market executive Julie Fox, and be located in the firm’s Philadelphia office.
“We are proud to expand our team in Philadelphia, which is a growing and productive region for our business,” said Fox in released comments. “Charles, Elijah and Ryan have decades of experience in the industry and we are confident that they will provide excellent value to clients and strengthen our commitment to serving the needs of high net worth and ultra high net worth families and individuals.”
Lynch, Dornstreich and DePaul each specialize in serving high-net-worth families.
Lynch previously played in the NFL for two seasons and held roles at global manufacturing firm S.S. White and medical device firm Surgical Technologies.
Dornstreich was dounder of Capital Business Partners, a boutique lending firm for small business owners, and also served as CEO of a middle-market financial services and real estate company.
Prior to his stint at Bernstein, DePaul was an advisor at ING Financial Partners.