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Crestone loses heavyhitter duo one week after launch

Crestone Wealth Management (WM), a spinoff of UBS’ former Australian WM business, has lost two veteran private bankers just a week after the firm’s official launch. Both Matthew Smithyman and Shannon Burman have been poached by Peloton Capital, a company that also provides wealth management solutions aimed at HNWIs, according to media reports. Before Crestone, Smithyman spent 12 years with UBS WM as an…

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