Bel-Air Wealth Management, a team within UBS Wealth Management, is led by John Acker and consists of senior members David Selig, Mark Tunney, Todd Feiereisen, and John Buchanan. Based in Los Angeles, the team manages custodied assets totaling $2.1 billion and services around 320 clients, with a significant portion being athletes, entertainers, and celebrities. Acker, who joined UBS in 2006 and formed the team in 2009, takes a conservative approach to managing client assets, focusing on dividend and value-oriented equities while also investing in fixed income and alternatives like private equity and real estate.
In terms of investment philosophy, Bel-Air Wealth Management prioritizes downside protection for clients, choosing to focus on dividend and value-oriented equities rather than growth. Over the past five years, the team has transitioned from using mutual funds to separately managed accounts and ETFs. Acker also emphasizes the benefits of all-in-one accounts from internal UBS managers with no fees. On the fixed income side, the team has been lengthening duration to lock in higher rates for clients, as Acker believes that cash has been earning less as the Federal Reserve decreases rates. Additionally, most clients are also invested in alternatives like private equity, private credit, and real estate.
Looking ahead, Acker maintains a long-term optimistic outlook on markets, reminding clients that historically, markets tend to move higher more often than not. However, he is cautious of market frothiness, noting that after two strong years, equity valuations are high. As a result, the team has been rebalancing client portfolios by slightly reducing equity exposure and increasing fixed income. Acker anticipates that the Federal Reserve will continue to reduce interest rates in the coming months, but he also predicts that inflation may remain high in the long run due to factors like trade policy and federal debt.
Acker believes in maintaining a high-touch approach with clients, emphasizing the importance of being available for communication and meetings. He believes that clients appreciate the personal touch and dedication of their advisor, regardless of location or circumstances. With a focus on building strong relationships and providing tailored investment strategies, Bel-Air Wealth Management continues to prioritize the financial well-being and success of its clients. As part of UBS Wealth Management, the team remains committed to delivering exceptional service and guidance to help clients navigate the ever-changing market landscape.
With a team of nine members, including experienced professionals like David Selig and Todd Feiereisen, Bel-Air Wealth Management at UBS Wealth Management has established itself as a trusted advisor for high net worth individuals and celebrities in Los Angeles. Through a conservative investment approach that focuses on dividend and value-oriented equities, as well as fixed income and alternative investments, the team aims to protect client assets while seeking growth opportunities. As economic conditions evolve and market dynamics shift, Acker and his team remain vigilant, adjusting client portfolios as needed to navigate uncertainty and capitalize on emerging opportunities.
