Wedbush Expands Southeast Footprint with $500M AUM Team from UBS
Event summary
- Wedbush acquires Redstone Wealth Management Group, adding $500M in AUM as of August 2026.
- Team led by James Carlson, Kevin E. Herron Jr., Patty Blair, and Sherry Malone joins from UBS.
- Move strengthens Wedbush's wealth management presence in Greensboro, North Carolina.
- Redstone team brings decades of experience serving high-net-worth clients.
The big picture
Wedbush's acquisition of Redstone reflects the ongoing consolidation in wealth management, where independent teams are seeking larger platforms for scale while maintaining personalized service. The $500M AUM addition underscores Wedbush's strategy to grow regionally, particularly in high-net-worth markets like North Carolina. This move comes as competition intensifies for top advisory talent capable of managing complex client portfolios.
What we're watching
- Integration Success
- Whether Wedbush can maintain Redstone's client retention rates post-transition.
- Regional Strategy
- The pace at which Wedbush expands its Southeast footprint through similar acquisitions.
- Competitive Response
- How UBS and other regional players react to this talent acquisition.
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