8/3/2023 0 Comments Andy burish linkedin profile![]() It has $4 billion in assets under management and is staffed with 14 members on the team.īarron’s has counted Burish as one among the top 100 advisors in all of the US while he was ranked as the top broker in the state by Forbes.īurish has just one other complaint on his BrokerCheck record dating back to 2010. Who is Andrew Burish?īased in Madison, Wisconsin, Andrew Burish is a 38-year industry veteran who started his career with UBS in 1984 and currently leads one of the most profitable teams of UBS in the Midwest, the eponymous The Burish Group, founded in 1991. That being the stand taken by UBS, Hansen’s direct approaches to UBS through written complaints had, unsurprisingly, been met by denial of any wrongdoing. They claim that even at that stage they did it “against Burish’s advice.”Ĭlassifying them as ‘sophisticated investors’ with an understanding and tolerance of associated risks, a UBS spokesman said that “The claimants…had previously engaged in short-selling and were aware of the risks and potential rewards of this strategy,” and that “The claimants confirmed to UBS that they were willing to accept those risks.” Hansen and his wife finally covered their shorts in July 2020 and exited the positions they had taken in Tesla. In hindsight, a short-selling strategy in the stock was likely to come a-cropper. The per-share price, since then, has skyrocketed to $720. ![]() The claimants have argued that “His recommendation focused on his conviction that lots of money would be made because Tesla common stock was overvalued and certain to lose its value,” and that “No balanced view of the risk of loss was provided by Burish.”įor the record, the Tesla stock was trading at $60 in early 2019. Short-selling is a strategy that seeks to profit from a decline in the price of the stock being considered. The losses, and claim, arising from the short-selling of Tesla stock that Burish has been repeatedly promoting in 20. The other people in the family who lost money are their three children and their spouses.īoth Hansen and Simmons Perrine Moyer Bergman’s Cedar Rapids, Iowa-based lawyer Paul Gamez, who is representing the claimants, have not commented on the story. Hansen, along with his wife, lost the largest amount, $16.5 million. The family includes Dennis Hansen, the CEO and owner of a torque-convertor maker in New Hampton by the name of Precision and a manufacturer of automatic flushing systems for oil coolers and heat exchanges by the name of HotFlush, Inc., as gleaned from his LinkedIn profile. The claim specifies that the $23 million loss was incurred by a set of four couples who are part of an extended family and one other investor. Punitive damages and costs claimed apart from the $23 million are unspecified. In addition, UBS has been accused of failing to supervise its brokers. Choose wisely, live long, and prosper.An arbitration claim filed with the Financial Industry Regulatory Authority (FINRA) has asked for $23 million in damages and has accused brokerage firm UBS and its financial advisor Andrew Burish of violation of suitability guidelines of FINRA as well as breach of fiduciary duty. However, every investment comes with a risk and can lead to partial or total loss of the invested capital or asset. ![]() Also, with so many awards and recognition gained by the group is fascinating and invokes a sense of trust and reliability in the team and their services. The Group is backed by a long list of loyal clientele and phenomenal results. They plan and formulate strategies in accordance with your goals, and the tenure for your financial goals, they provide the best possible solutions for your diverse needs, added with a personal touch. Their approach involves Longevity, Liquidity, and Legacy. The advisors get an insight into your life, wealth, aims, desires, and everything in between. The Burish Group takes dedication and interpersonal focus to another level. The group has many awards under its belt, being ranked 1st by Forbes: Best-In-State Wealth Advisors 2021, and America’s Top Wealth Advisors 2021, etc. The Burish Group was started with a mission to deliver holistic wealth management for affluent families and individuals. The group has grown with over 40 expert financial professionals. Andy Burish has worked as a financial advisor for UBS for over 35 years. The Burish Group was started by Andy Burish in 1991. In our search for top wealth advisors, and the best financial service providers.
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