The new business will operate on both sides of the country, with one office in Los Angeles and another in Boston.

Former UBS Financial Services advisors Denis Cleary and Greg Devine, who between them looked after about $6 billion in client money, are forming their own firm.

Called Goldman Sachs in 2006. In 2020, they moved their business to UBS. where they regained all their prior revenue by the end of the next year – an industry record, 71 West said.

Cleary started his career as a corporate attorney before serving as executive director of one of the largest private operating foundations on the East Coast. At Goldman Sachs, where he was a managing director, Devine began his wealth management career in 2004, following a career in Silicon Valley's technology sector. In 2016, he moved to the greater Los Angeles area. In 2020, UBS named him a managing director. 

Joining Cleary and Devine at 71 West are team members Abigail Harris, Matthew Kirshner, Chris Carbone, William Corman, Spencer Danziger and Nolan Morr. 

71 West worked with transition consultant Fusion Financial Partners and legal counsel Patrick J Burns, Jr, in association with the launch.