1792 Wealth Advisors Adds $181 million UBS Advisor in New Jersey
by 1792 Wealth Advisors December 11, 2023
As Advisors continue to exit the wirehouse model, 1792 offers a great solution
Morristown, NJ — 1792 Wealth Advisors (1792) the premier partner for individual advisors and teams seeking independence, announced today that 38-year industry veteran Drew Ober has joined the firm. Ober, with his $181M in AUM, and more than $1.5 million in production joins from UBS, launching a 1792 Wealth Advisors satellite office in Neptune, NJ.
"After 38 years in the business, I grew weary of the challenges within the wirehouse model," remarked Drew Ober. "Exploring my options led me to seek independence, and it wasn’t until I met Bob Milligan and 1792 that I found the perfect fit."
Drew was looking for the right partner to help him serve his clients now but also wanted to know there was a large team behind him with resources to provide continuity for his eventual succession down the road. "1792 has a great team to support my transition and to help me manage the day-to-day operations of my practice. They also have a great program in place to help me transition my business to the next generation of advisors when it’s time for me to retire. That’s important to me. I want to make sure my clients are taken care of for the long haul."
1792 Wealth Advisors is an integrated Raymond James platform that affords advisors the opportunity to streamline and maximize their businesses via supported independence. As more advisors seek to break away from wirehouses, this model alleviates concerns about back-end operations and allows advisors to retain choice in their practice model, investments, products, succession and more.
"We show advisors that it’s possible for them to go independent without a dimunition in service, sophistication, products, or management," explains Bob Milligan, managing partner and founder of 1792 Wealth Advisors. "That’s exactly what we’ve done for Drew —he’s able to focus on his clients while 1792 provides access to the Raymond James platform and coordinates all back-office support."
Drew’s move to 1792 is reflective of the development strategy the firm is implementing. "We have a strong pipeline of interested advisors," Milligan adds, "and our firm is well positioned for scaleable growth."
About 1792 Wealth Advisors
1792 Wealth Advisors is a premier wealth management firm whose advisors serve clients in a supported independence partnership structure. Together with the partnership and affiliation of Raymond James, 1792 is able to offer advisors industry-leading resources, technology and support while providing the flexibility, control and autonomy to serve clients in their unique way. Founded in 2017, 1792 primarily serves the Northeast and is rapidly expanding into new markets driven by a "client first" collaborative culture, an enhanced equity structure for advisors, and unique support ecosystem that enhances the client experience.
For more information, visit Join1792.com or https://www.raymondjames.com/1792wealthadvisors/ ad visors.