Karmen Alexander

The move follows departures of two other team members to Wells Fargo and Raymond James.

Team had been part of Morgan Stanley’s Graystone Consulting business.

The figures put UBS on pace to surpass 2025’s total, but executives expect improvements in retention. 

Team managed $800 million in assets, according to a source familiar with the move. 

Team is led by advisors Donald H. Kinsey, Travis P. Moss and Matthew J. Pickett.

Broker earned nearly $1.5 million from private real estate offerings he recommended to advisory clients without fully disclosing his financial interests, according to the SEC.

Team produced $4.3 million in annual revenue, according to a source familiar with the hiring firm.

The firm appears to be one of the first labeled “Restricted” since Finra implemented its Rule 4111 more than three years ago.

Finra said that the broker violated Rules 8210 and 2010 by repeatedly failing to comply with requests for documents, information and on-the-record testimony.

J.P. Morgan Claws Back $1.4 Million From Suspended Broker in New York