Five former UBS advisors launch San Francisco-based Beacon Coast Partners, targeting ultra-high-net-worth clients amid liquidity events.
A team managing $3.5 billion in client assets has left UBS to form Beacon Coast Partners, an independent registered investment advisor based in San Francisco. The five-person firm, led by founding partners Michael Evans and David Jasper, focuses on ultra-high-net-worth individuals and families navigating liquidity events such as IPOs or acquisitions.
Evans and Jasper spent over 22 years at UBS before departing, now owning the firm alongside three other partners. Beacon Coast specializes in pre-liquidity planning, including asset allocation, tax and estate strategies, and cash flow modeling for founders, executives, and early employees.
The firm operates as a fiduciary and uses Fidelity Investments for custody, serving a limited client roster. The move reflects a broader trend of advisors transitioning from wirehouses to independent RIAs for greater control and flexibility.