UBS Nabs $3B Team From Goldman Sachs

"Washington, D.C. is an important growth market for our Private Wealth Management business. We look forward to having John, Colin, Michael and their talented team join our firm and help us expand our client offering in this key market," said Julie Fox, Northeast Private Wealth Market Head at UBS, in a statement.

Details on the Team

Hanley has about 18 years of experience as an advisor and spent the last 15 years at Goldman Sachs, according to FINRA BrokerCheck. He cut his teeth at Morgan Stanley, after working as a journalist for a decade, and holds the Chartered Financial Analyst designation.

After working as an investment banker, McKay joined Robert Stephenson in 2000, moved to Piper Jaffray in 2002 and then signed on with Goldman Sachs in 2010. He specializes in helping entrepreneurs and business owners coordinate their wealth planning with corporate liquidity events.

Francis spent 10 years at Goldman Sachs working with both private and institutional clients. Earlier, he served in the Navy and worked for Accredited Home Lenders.

Wright has a law degree and has worked for about 20 years in the business, including employment with PricewaterhouseCoopers.

As of June 30, UBS Americas had 6,410 advisors, down 279, from a year ago.