UBS Hires Three Advisors With $400M in Client Assets In Calif.

Three financial advisors with $400 million in client assets have joined UBS Wealth Management USA in California, the company announced.

Henry Anthony (Tony) Hernandez and Robert Magallanes will be based in Irvine, Orange County, and Carl Nelson will be based in downtown Los Angeles.

The advisors will report to Justin Frame, market head at UBS Wealth Management USA in Los Angeles and Orange County. Frame, who joined UBS four months ago after more than 24 years at Morgan Stanley, has actively been working to hire financial advisors with strong local roots, the release said.

It said the advisors chose to join UBS due to its reputation, strong client focus, and global network of advanced planning resources.

Hernandez, who has more than 30 years of industry experience, joins UBS as senior vice president—wealth management. He works primarily with domestic clients but also has strong expertise working in international business with Latin American clients, the release said.

Magallanes has over eight years of experience as a financial advisor and joins UBS vice president—wealth management. He is a philanthropist and a volunteer with the Kawasaki Disease Foundation, the release said.

Nelson, with more than 16 years of experience, joins as senior vice president—wealth management. The release said he has private banking experience, focusing on ultra-wealthy individuals and families. He will join the Summit Wealth Management Group at UBS, a signature team of seven financial advisors in the downtown Los Angeles office.