FUNDRAISING NEWS | July 10, 2024
UBS has added Joshua Cummins, a financial advisor from Merrill Lynch who managed over $1.1 billion in assets. Cummins joins UBS in Westlake Village, California, along with Team Administrator Megan Lermer. Operating as Cummins Wealth Management, they cater to corporate executives, entrepreneurs, and entertainment-industry professionals, offering extensive financial planning expertise.
At Merrill Lynch, Cummins collaborated with advisor Michelle Gruber under the name The Cummins-Gruber Group. In May, Gruber departed to establish an independent registered investment advisor firm with another former Merrill advisor. Cummins brings nearly 25 years of industry experience, having first registered in 1999 at Donaldson, Lufkin & Jenrette Securities. He transitioned to Credit Suisse First Boston in 2003 following an acquisition, then initially joined UBS in 2005. Cummins moved to Merrill Lynch in 2009. His return to UBS marks him as the seventh advisor or advisor team UBS has attracted from Merrill this year. This strategic hire highlights UBS's ongoing efforts to strengthen its advisory capabilities by onboarding experienced professionals.
John Washington is the Data Research Analyst at Dakota.
