#United States #UBS #Wealth Management #71 West Capital #Boston and Los Angeles

Launch of 71 West Capital Partners: A New Player in Wealth Management

In a significant move set to reshape the landscape of wealth management, former UBS Financial Services Managing Directors Denis Cleary and Greg Devine have announced the establishment of 71 West Capital Partners, a full-service registered investment advisor (RIA). This new venture centers on providing highly customized services to ultra-high-net-worth individuals, families, and philanthropic organizations.

A Transition from UBS to Independence

Cleary and Devine, who have been colleagues for nearly two decades, made their decision to leave UBS—where they helmed one of the largest and most rapidly expanding private wealth practices in the country—after successfully managing around $6 billion in client assets across 35 states. Their experience at UBS set a high standard in the industry, and now, armed with the benefits of independence, they are poised to elevate service delivery further.

With headquarters in Boston and Los Angeles, the firm aims to continue servicing a distinguished clientele comprising successful entrepreneurs, executives, and family offices, providing tailored investment strategies and insights. Cleary will serve as CEO from the Boston office, while Devine will operate out of Los Angeles, leading the firm’s West Coast operations.

Deep Industry Experience and Proven Track Record

Both Cleary and Devine have an impressive track record that includes substantial experience at premier financial institutions. Cleary, who started his career as a corporate attorney before transitioning into wealth management, has built a reputation as an elite advisor recognized consistently within the industry. His tenure at Goldman Sachs and UBS was marked by outstanding performance and client satisfaction.

Devine brings his own unique background to the firm, having initially built relationships within Silicon Valley's technology sector. His focus on serving high-tech entrepreneurs has laid a solid foundation for 71 West, reflecting their commitment to working with clients in the ever-evolving tech landscape.

Strengthening Client Relationships

A key component of 71 West’s mission is to enhance client relationships and maintain an unwavering focus on personalized service. This approach stems from the founders’ shared investment discipline and a philosophy centered around a client-first mindset. Joining them in this venture are experienced team members such as Abigail Harris, Matthew Kirshner, Chris Carbone, William Corman, Spencer Danziger, and Nolan Morr, each dedicated to maintaining the firm's commitment to excellence.

The firm's strategic partnership with BNY Pershing for custody, clearing, and related services ensures that 71 West can offer the operational scale and institutional capabilities its clients expect while preserving the nimbleness and responsiveness of a boutique firm.

Supportive Infrastructure for Sustained Growth

The transition to independent status is supported by Fusion Financial Partners, a consultancy specializing in RIA transitions. Additionally, legal counsel was provided by Patrick J. Burns, Jr. Esq. This infrastructure is crucial as 71 West embarks on its mission to redefine high-net-worth advisory services.

As the financial landscape continues to evolve, 71 West Capital Partners is built to respond to emerging market trends while maximizing opportunities for their clients. With the founders’ active engagement and the expertise of their team, they are set to build on their history of success and continue providing outstanding wealth management services to their clientele.

Conclusion

71 West Capital Partners represents a bold ambition to redefine wealth management with a focus on service excellence and strategic client partnerships. By drawing on their extensive experience and commitment to personalized advisory services, Cleary and Devine are well-positioned to become key players in the wealth management arena. For more information on their services, visit 71 West Capital Partners.