An experienced UBS financial advisor has left the firm to form a new wealth management practice.

Anne Johnston has launched Los Angeles-based Created Wealth Advisory to serve multi-generational families, creative professionals and baby boomer women, according to a press release from the company.

Johnston, who previously managed more than $100 million at UBS, will serve as the managing director and wealth advisor of the new practice while Nathan Stoker will be the firm’s wealth strategist, Created Wealth says.

The company partnered with TruClarity Wealth Advisors for its transition to independence, according to the press release.

Johnston joined the financial services industry in 2007, registering with UBS, according to her BrokerCheck profile. Stoker joined the industry, registering with UBS, in December 2018, according to BrokerCheck.

"After many years working in the traditional finance world, it became clear that we would need to make a change in order to fully deliver on the vision we had to serve clients’ best interests,” Johnston says in the press release.

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In September, a pair of Merrill Lynch brokers left the wirehouse to launch their own independent practice, partnering with TruClarity. And in June, three Morgan Stanley advisors broke away from the firm to launch their own RIA, aligning with TruClarity.