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Mellany Bagtas joins UBS as a Financial Advisor in New York City

1. Mellany Bagtas joins UBS as Financial Advisor in New York City. 2. Her experience includes roles at Morgan Stanley and Merrill Lynch. 3. Bagtas aims to provide tailored financial strategies for ultra-high-net-worth clients. 4. She graduated Magna Cum Laude in Finance and holds board positions in non-profits. 5. UBS manages $6.1 trillion in assets and operates in over 50 markets.

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Why Bullish?

The addition of an experienced financial advisor enhances UBS's service offerings, potentially attracting more clients and assets. Historical data shows similar hires in the wealth management sector lead to increased revenue and client trust; for instance, the 2017 recruitment of top advisors at Morgan Stanley positively affected their stock price.

How important is it?

The article highlights a strategic hire that can bolster UBS's competitive position in wealth management, increasing client satisfaction and retention, which are crucial for growth. The information about UBS's asset management capabilities further underlines the relevance of this hire.

Why Short Term?

New hires can lead to immediate engagement with clients, but long-term effects depend on retention and performance. Previous examples show firms typically see quick upticks in business as new advisors attract existing clients.

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NEW YORK--(BUSINESS WIRE)--UBS Wealth Management US today announced that Mellany Bagtas has joined the firm as a Financial Advisor in New York City. She will be based out of the firm’s 299 Park Avenue office and will report to Associate Market Executive Demie Kommatas. “We are excited to welcome Mellany to UBS,” said Kellie Brady, Manhattan Market Executive at UBS. “Her dedication and perspective will be a great addition to our team. I am confident that she will be able to leverage the full suite of UBS’s global capabilities to provide clients with the insights, resources and personalized strategies they need to pursue their goals, preserve their wealth and plan confidently for the future.” “Mellany’s extensive experience, deep understanding of clients’ sophisticated financial needs, and commitment to best-in-class service make her stand out as a professional,” said Demie Kommatas, UBS Associate Market Executive. “We look forward to working alongside her to provide comprehensive, tailored solutions to our ultra-high-net-worth clients.” Mellany joins UBS from Morgan Stanley where she most recently served as a First Vice President and Portfolio Manager. Prior to that, Mellany was a Vice President – Wealth Management at Merrill Lynch as well as a banker at JPMorgan Chase. Mellany works with executives, founders, business owners, successful individuals, and their families to achieve and maintain financial independence, providing timely and unbiased advice to support informed decision-making. Her practice involves determining goals and outlining each individual’s financial situation to create customized strategies. She assists clients in building tailored plans, tracking progress, and adjusting when necessary. Mellany aims to help clients grow, preserve, and transfer their wealth across generations and to the causes most important to them. Mellany graduated Magna Cum Laude from Mount Saint Mary College with a Bachelor of Science in Business and a concentration in Finance. Mellany served on the Board of Directors and was a Past President of the Hudson Valley Estate Planning Council and served on the boards of the Community Foundations of the Hudson Valley, St. Luke’s Cornwall Hospital Foundation and other non-profit organizations. Mellany is joined by Wealth Strategy Associate Kaitlin Weaver. Notes to Editors About UBS UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.1 trillion dollars of invested assets as per fourth quarter 2024. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). https://www.ubs.com © UBS 2025. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.

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