SOURCE: Gupta Wealth Management

FiComm Partners

October 07, 2013 09:00 ET

Largest UBS San Diego Advisor Goes Independent; Chooses RIA Path

SAN DIEGO, CA--(Marketwired - October 07, 2013) -

  • Gupta Wealth Management is now a registered Investment Advisor (RIA) with the Securities and Exchange Commission (SEC), led by Ajay K. Gupta, CIMA, CRPC, CPWA
  • Half-billion assets under management firm will depart as a complete team of 7 -- Mr. Gupta, two partners and four support staff including CFAs, CFPs, CRPCs, CIMAs, and CPWAs
  • Key drivers of this move include access to new technology, broader client choice and a shift to independence as a fiduciary advisor for clients 

Gupta Wealth Management, a $540M assets under management UBS financial advisory team and the largest in San Diego County, announced today that it has moved into the RIA space, and will custody primarily with Schwab Advisor Services. Led by Ajay K. Gupta, the firm advises 119 families and will depart as a complete team of 7. 

Mr. Gupta's career in finance spans two decades as an advisor, with early roots at Merrill Lynch and then UBS before making the decision to pursue the path to independence as an RIA. Gupta Wealth Management will continue to serve high net worth clientele in the San Diego area as well as San Francisco, Boston, New York, Sonoma and other major metropolitan areas. Clients include Forbes 400 families, prominent individuals, corporate executives and successful business owners who subscribe to the Gupta Wealth Management disciplined approach.

"When people told me I was crazy for moving from Canada to San Diego 13 years ago, I trusted my instincts, and I did so again when leaving Merrill in 2008," says Mr. Gupta. "And in both instances the decision and timing was correct for my clients. The RIA path is clearly the best option for us as it significantly expands the services we can provide to clients while saving them money in the process. 

Key drivers for Gupta Wealth Management included accessing a highly dynamic and innovative technology platform as well as the power of choice that true independence brings with it. The entire team at Gupta Wealth Management will be transitioning with Mr. Gupta. The team has remained intact, with few exceptions, over the last decade. 

Mr. Gupta continues: "My father was a financial advisor, and inspired me at a young age to work hard and take care of others, as he did for me and my siblings -- so at the age of 12 I started exploring the world of finance, and have been learning, evolving and growing as an advisor and a person ever since. I value the experiences of the past but we must remain focused on what lies ahead and is best for our clients -- this move represents that."

Mr. Gupta received his Bachelor's degree from Concordia University in Montreal in 1995 with a degree in finance. After attending the advanced management program at the Wharton School, he earned his Certified Investment Management Analyst designation in 2006 and also completed the Private Equity and Venture Capital program at Harvard Business School, in 2007. He recently attended the advanced management program at University of Chicago Booth School of Business, which earned him the Certified Private Wealth Advisor designation. 

Gupta Wealth Management's only focus is on serving its clients, and to that end Mr. Gupta does not engage in proactive sales activity, has not carried business cards for the last 5 years instead trusting completely in word of mouth referrals. 

Over the course of his career Mr. Gupta has repeatedly been named San Diego magazine's "Best Personal Wealth Manager", and was named by Reuters in 2008 to the Top Advisors in America list. He was also recognized by Merrill Lynch as one of its Most Valuable Teams for 2007 and the most valuable team in San Diego County that same year. He has also recently been named as the only San Diego advisor to the UBS Pinnacle Club for 2013.** 

Gupta Wealth Management engaged the Hamburger Law Firm as legal counsel and leveraged a strategy developed by MarketCounsel to prepare for their transition. 

Mr. Gupta and his wife have three children and are actively involved in local community and charitable organizations. In addition, Mr. Gupta sits on the board of the Chopra Foundation.

About Gupta Wealth Management

Ajay K. Gupta and his team have been offering knowledgeable financial advice and private wealth management services to clients for over two decades. The Gupta Wealth Management team has extensive experience assisting high net worth clients with financial and investment strategies including wealth transfer and preservation, business services, retirement strategies and solutions, estate planning strategies, private money management and concentrated stock strategies. Gupta Wealth Management's clients include affluent families and individuals, corporate executives, and successful business owners who value a disciplined approach to investing as well a personal approach to the advisor-client relationship. Gupta Wealth Management takes a big-picture approach to wealth management, and keeps the focus of the firm squarely on the clients and their best interests, with every decision it makes. 

** These ratings are not indicative of the future performance of Gupta Wealth Management, LLC or Ajay Gupta. No fee was paid by Mr. Gupta or the firm to participate in the rating selection process.

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