A UBS complex director has left the wirehouse to join Dynasty Financial, the breakaway firm said.
David P. Wiener was overseeing 100 advisers responsible for $15 billion in client assets in Silicon Valley before he left the wirehouse, according to his UBS online profile. He joins Dynasty as director of network development for the firm's Western division, the firm said.
Wiener will be based in San Francisco and report directly to Dynasty CEO Shirl Penney.
“Dynasty recently passed the five year milestone, and bringing David's skills and experience to our firm will accelerate our development in the fast-growing western states; home to many of the industry's most prominent advisers,” Penney said. He added that Wiener will serve a key function in assisting advisers seeking to go independent.
Wiener's UBS online profile shows he worked 12 years for the firm, where he also had served as a regional director in the Southwest and Northwest regions. Collectively he oversaw over 1,200 financial advisers across 13 states during his tenure at the wirehouse, Dynasty said.
Wiener started his career at Merrill Lynch in 1991, where he served as an elite Chairman’s Club financial adviser, according to Dynasty and FINRA BrokerCheck records. He joined UBS in 2002. A spokesman for the wirehouse declined to comment on his departure.
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