---
title: "Wells Fargo, UBS & Citi on Servicing the Texas Wealthy"
description: "Wells Fargo Head of Central Division Wealth & Investment Management Heather Hunt-Ruddy; UBS Managing Director of Global Family & Institutional Wealth William Thompson and Citi Managing Director & Central Region Market Executive Clinton Warren discuss how wealth managers are serving affluent clients relocating to North Texas with Bloomberg’s Sarah McGregor at Bloomberg Invest Dallas 2026. (Source:"
section: daily-news
published: 2026-10-30T13:31:08.467701+00:00
canonical: https://valorandventures.media/article/225d60da-c3e4-4298-9526-e63483fa8670
publisher: "Valor & Ventures Media"
source: "Bloomberg"
source_url: https://www.bloomberg.com/news/videos/2026-10-27/wells-fargo-ubs-citi-on-servicing-the-texas-wealthy-video
access: free
---

# Wells Fargo, UBS & Citi on Servicing the Texas Wealthy

*Wells Fargo Head of Central Division Wealth & Investment Management Heather Hunt-Ruddy; UBS Managing Director of Global Family & Institutional Wealth William Thompson and Citi Managing Director & Central Region Market Executive Clinton Warren discuss how wealth managers are serving affluent clients relocating to North Texas with Bloomberg’s Sarah McGregor at Bloomberg Invest Dallas 2026. (Source:*

## Executive Summary

Major wealth management institutions are recalibrating their strategic footprint to accommodate the persistent migration of affluent households into the Sun Belt. At the Bloomberg Invest Dallas forum, senior executives from three of the nation’s largest financial institutions—Wells Fargo, UBS, and Citigroup—convened to examine the operational and advisory shifts prompted by capital moving toward North Texas. The session, moderated by Bloomberg’s Sarah McGregor, assembled Heather Hunt-Ruddy, head of the central division for wealth and investment management at Wells Fargo; William Thompson, managing director of global family and institutional wealth at UBS; and Clinton Warren, managing director and central region market executive at Citi. The panel highlighted the growing operational stakes for global financial firms as business founders, corporate executives, and high-net-worth families relocate personal and commercial assets to Texas. According to the Bloomberg discussion, the shifting geographic focus has required advisory networks to evolve from standard regional outpost models into sophisticated hubs capable of managing complex, multidimensional balance sheets. For institutions like Wells Fargo, UBS, and Citi, maintaining proximity to relocating clientele has become an essential competitive dynamic in retaining and growing market share against regional and national competitors. Throughout the conversation, the executives focused on the specialized capabilities demanded by inbound family offices and affluent individuals. Advisory practices must increasingly address an array of cross-disciplinary financial needs, including estate and trust structuring, customized liquidity management, and integrated commercial banking services for privately held operating companies. As the panelists noted, serving the region's expanding client base involves bridging personal private wealth solutions with the extensive institutional backing of global balance sheets, ensuring that newly arrived executives receive comprehensive family and enterprise-level guidance under one institutional umbrella. The discussion also underscored the broader regional transformation occurring across the Dallas metropolitan area and surrounding commercial corridors. As North Texas continues to draw corporate headquarters and affluent demographics, wealth management leaders emphasized the necessity of deploying seasoned regional executives on the ground. Maintaining senior leadership within the local market allows financial firms to stay aligned with community business networks, facilitate local deal-making, and navigate the distinct legal and tax considerations accompanying interstate relocations. For founders, business executives, and civic-minded leaders, the ongoing buildup of private wealth infrastructure in North Texas reflects a wider structural realignment of American capital. The proactive placement of senior divisional leadership by legacy institutions such as Citi, UBS, and Wells Fargo underscores that regional financial ecosystems are becoming primary centers of institutional influence rather than secondary markets. Understanding how major advisory firms adapt their service models provides leaders with valuable perspective on regional growth dynamics, liquidity positioning, and the long-term stewardship of business and personal assets across emerging commercial hubs.

## Article

---
Bloomberg

---

Originally published by Bloomberg: https://www.bloomberg.com/news/videos/2026-10-27/wells-fargo-ubs-citi-on-servicing-the-texas-wealthy-video