A father, son and daughter running a UBS team with more than $300M in AUM have left the wirehouse to join the independent advisory channel, according to a spokeswoman.
Roger Ingwersen, his son Todd and daughter Laurie launched The Harvest Group, with assistance from regulatory and compliance firm MarketCounsel and the Hamburger Law Firm, which specializes in working with investment advisers, the spokeswoman said.
The team is based in Waltham, Massachusetts, about 15 miles west of Boston and operate as an RIA. The firm will focus on high-net-worth individuals and families, using a holistic approach to wealth management.
The team has always had an "independent spirit," said Roger Ingwersen in a released statement. "In order to continue that legacy, we have made the important decision to operate independently, giving us the freedom to take full control of wealth management decisions that we believe are best suited for the needs of our clients and their families.”
Before making the move to UBS, Ingwersen worked for Wachovia Securities, Prudential Securities and Bache Halsey Stuart, where he got his industry start in 1972, according to FINRA BrokerCheck records.
His son Todd has worked by his father's side since joining Prudential Securities in 1997. His daughter Laurie joined the family business at Prudential in 2000, BrokerCheck records show.
UBS recently lost another family-run adviser team to Raymond James.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access