Wells Fargo Advisors has landed another team from UBS Financial Services -- this time in New York City. Marc M. Cohen and Benjamin N. Cohen are a father-son advisor team with around $180 million in client assets, according to a Wells Fargo spokesperson. Combined, the duo has more than 50 years of industry experience.
Marc Cohen was a senior vice president at UBS, and has 36 years of industry experience. His son, Benjamin Cohen, began his career at UBS PaineWebber in 2002. Since then, he has also worked at Bear Stearns, and has been with his father at UBS from January 2008 until recently, according to their BrokerCheck records.
The team is one of several big-city advisor groups to migrate from UBS to Wells Fargo last month. However, Wells Fargo Advisors has had a net outflow of advisors since the initial disclosure of the Wells Fargo fake-account scandal in 2016.