Ron Vinder Bids UBS Adieu, Says $4.3 Bln Will Follow Him to Morgan Stanley
Ron Vinder, a Top 100 Barron’s-ranked broker for the past five years, is nothing if not confident about his client skills.
Reached at his new office at Morgan Stanley’s 101 Park Avenue branch on Monday following his weekend move from UBS Wealth Management a few blocks away, Vinder said all of his clients and their $4.3 billion of assets will make the switch with him.
“I know it,” he said, when asked how certain he can be about the arduous process of getting clients to move their accounts. His UBS website says he built his practice into “one of the largest on Wall Street solely through referrals and word-of-mouth, a true testament to the experience received by his clients.”
Vinder is certainly one of the highest profile competitors in the the wirehouse dash this year, when brokers have been wary about asking clients in a very volatile market to follow them to a new firm. (The exceptions are brokers from Credit Suisse, Deutsche Bank and Barclays, who have been wooed heavily since their European bank parents announced that they are closing shop in U.S. wealth management.)
Vinder would not comment on his production, but said he is the only producer on his four-person team, which also include wealth strategy associates Eduardo “Eddie” Horta and Costas Liappas, as well as client service associate Melanie Alese. He affirmed the $4.3 billion of client assets that were listed in Barron’s most recent ranking this month.
A Morgan Stanley spokeswoman confirmed Vinder’s move, while a UBS spokesman did not respond to a request for comment.
In a brief phone conversation, Vinder declined to discuss why he left UBS Wealth Management Americas, which recently elevated its top recruiter onto its executive committee.
According to Barron’s most recent national poll, Vinder ranked 52 out of 100 advisors, based on factors that include assets under management and disciplinary record.
Vinder began his brokerage career at Lehman Brothers in 1989, according to his BrokerCheck record, and subsequently did stints at every wirehouse but Wells Fargo.
He worked at Merrill Lynch from April 1995 to April 1999, sojourned at Morgan Stanley Dean Witter until October 2005, and then jumped to Smith Barney. His most recent stint at UBS extended from February 2009 until last Friday.