By David Wignall

Rockefeller Global Family Office said Thursday that it has lured an eight-member advisory team away from UBS. The recruitment marks another high-profile loss for Switzerland's largest bank, which recently has shed several billion-dollar teams.

New York-based Entrepreneurs Group is led by managing directors Emily Rubin, Kenneth Shapiro, and Thomas Livacarri, along with Vice President Todd Ives. They managed $2.85 billion at UBS as of March 31, according to rankings data provided to Barron's.

Before joining Rockefeller, Rubin had worked at UBS for 22 years, according to BrokerCheck, a public database maintained by industry self-regulator Finra. She is been ranked by Barron's as one of the Top 100 Women Financial Advisors and one of the top advisors in New York state.

"We are pleased to welcome this highly respected team, whose commitment to excellence and client service aligns seamlessly with the entrepreneurial spirit of our firm," says Chris Dupuy, Rockefeller's president.

As its name suggests, Entrepreneurs Group caters to entrepreneurs, helping them navigate the sudden windfalls caused by selling stakes in their companies. Their typical account size at UBS was roughly $25 million, according to rankings data provided to Barron's.

The decampment is part of a broader recruiting push by Rockefeller, which recently borrowed $150 million to fund recruitment and dealmaking, according to a Citywire report. In late June, Rockefeller recruited a Fort Lauderdale, Fla.-based team that previously managed $1.6 billion at UBS.

UBS has lost several billion-dollar teams in recent months, including a series of high-profile defections to RBC's New York offices. In January, UBS executives warned that the bank could experience a spike in attrition following changes to its advisor compensation plan. The new plan cut a lucrative bonus that previously benefited large teams.

A spokesperson for UBS didn't immediately respond to a request for comment. j

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July 18, 2025 15:36 ET (19:36 GMT)

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