UBS Private Wealth Management’s team, The Stackman | Casriel Group, is based in New York City and consists of four senior members: Scott Stackman, Lyle Casriel, Larry Evans, and Matthew Klein. With a custodied asset amounting to $9.5 billion, the team has a strong presence in the industry.
Both Stackman and Casriel have extensive experience in finance, with Stackman working at Lehman for a decade before joining UBS in 2008, while Casriel started as an intern at Lehman in 2005 and followed Stackman to UBS shortly after. The team, now comprising 18 members, takes a high touch, high-service approach when dealing with the 80 families they serve, ensuring each client receives personalized attention.
The team’s competitive edge lies in their ability to create alpha through their advice and expertise beyond simply investing. This includes trust and estate work, investments, and alternatives. Their bespoke endowment model approach to building client portfolios aims to make them all-weather and durable, combining tax loss harvesting in passive portfolios with active managers and long-only equity.
As they navigate the current market conditions, The Stackman | Casriel Group is focused on being smart and tactical in how they enter the market, considering structured products with downside protection or selling puts secured by T-bills. They anticipate that as rates decrease, deal flow will increase, making private equity a lucrative investment choice for their clients. While equity valuations are not cheap, the team remains cautiously optimistic about the future.
The team emphasizes the importance of understanding each client’s objectives and removing emotion from the decision-making process. By building a foundation of trust with their clients, they ensure that every decision made is in the client’s best interest. With a focus on delivering reliable returns and exceptional service, The Stackman | Casriel Group continues to uphold its reputation as a top-tier wealth management team in New York City.
