ThinkWealth Management, a multi-family office of San Francisco investment bank, ThinkEquity Partners, has hired three wealth managers from U...

ThinkWealth Management, a multi-family office of San Francisco investment bank, ThinkEquity Partners, has hired three wealth managers from UBS to open a new office in New York City. Pascal Besman, Alexander MacCormick and Holly Pippitt, all from UBS, were hired to facilitate the East Coast expansion. The three-member team, while at UBS, created a niche advising very wealthy executives, corporations and portfolio managers within the health care and biotech sectors. "New York City, and the metropolitan region, is one of the most over-served yet under-serviced markets in the nation for high net-worth wealth management clients," said Stephen Hohenrieder, partner and director of ThinkWealth Management, in a statement. He added: "Having observed the trend of large financial institutions acquiring investment advisors, we believe there is significant demand for an un-conflicted, client-focused firm.”