San Diego-based Gupta Wealth Management on Tuesday said it had passed $1 billion in assets under management.
CEO Ajay Gupta left UBS’ San Diego office with his entire team in 2013 to found the company, serving individuals, endowments and foundations nationally. Gupta also built a website, Portfolio Checkup, that allows investors to evaluate their portfolios and find independent financial advisors. Gupta said almost $5 billion worth of investments had been reviewed by the site since it launched late last year.
"The demand among sophisticated investors for transparent, independent financial advice has contributed significantly to our growth locally and nationally," Gupta said.
Before working at UBS, Gupta headed a wealth management group for Merrill Lynch’s San Diego office.