$2B wealth management team leaves UBS, launches independent firm

A wealth management team with a dual headquarters in Ohio and Fort Myers that collectively managed $2 billion under UBS has split from its parent entity to launch an independent advisory firm. 

The new firm is 1280 Financial Partners; the 1280 refers to the miles between its two headquarters of Sandusky, Ohio, and Fort Myers, according to a statement. The firm has other offices in North Augusta, South Carolina and Miami.

“We are excited to embrace the benefits of independence and formalize our duty and conviction as fiduciaries to protect the best interests of clients,” 1280 Financial Partners co-founder and Managing Partner Tom Burt says in the statement. “Being independent gives us the freedom and flexibility to stay nimble and do more for clients.”