Will Brown & Stefan Gertsch: UBS Fires Advisors

Memphis, Tennessee financial advisors Will Brown (CRD# 6522004) and Stefan Gertsch (CRD# 5284354) were recently terminated by UBS Financial Advisors in connection with alleged rule violations. Financial Industry Regulatory Authority records show that each is registered as a broker with Kestra Investment Services and Kestra Private Wealth Services.

Mr. Brown’s and Mr. Gertsch’s BrokerCheck profiles contain identical disclosures concerning their terminations from UBS Financial Services. Filed in November 2024, the disclosures state that they were terminated in connection with allegations that they “breached firm policies, including not being forthcoming about taking instructions from an unauthorized relative on a client account.”

A recent report by Dakota states that Mr. Brown and Mr. Gertsch operate as Brown Wealth Management Group, a team known as Bright River Wealth Management before they moved to Kestra from UBS. In Mr. Brown’s LinkedIn profile, he describes the team’s approach to working with its clients. “Bright River Wealth Management Group is a team of investment professionals who focus exclusively on the holistic wealth management and investing needs of business men and women with a heart for philanthropy,” the profile states. “Our mission is to help you create a lasting impact through our comprehensive approach that helps you to prioritize and preserve your legacy now and in the years to come.”

According to the Financial Industry Regulatory Authority, Stefan Gertsch holds 17 years of securities industry experience. Based in Memphis, Tennessee, he has been registered as a broker with Kestra Investment Services and Kestra Private Wealth Services since December 2024. His past registrations include UBS Financial Services, Merrill Lynch, and Chickasaw Securities. His credentials include the passage of three securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He holds 25 state licenses.

Mr. Brown, meanwhile, holds seven years of securities industry experience. He is also based in Memphis and has been registered with Kestra since December 2024. He was previously registered with UBS Financial Services from 2017 until 2024. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, the District of Columbia, Georgia, Indiana, Kansas, Louisiana, Michigan, Missouri, Nevada, New Hampshire, New York, Ohio, South Carolina, Tennessee, Texas, Utah, Washington, and West Virginia. (Information current as of January 12, 2025.)

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