Led by David Sirianni, the new office will be comprised initially of eight private wealth advisors and related personnel, UBS said.

Clients will have access to specialists in the areas of trust and estate planning, philanthropy, investment banking, lending and alternative investments. 

UBS already serves wealth management clients out of offices in downtown Philadelphia, Conshohocken and Newtown, led by Jeff Standard. John Matthews, head of private wealth management at UBS, said the firm views Philadelphia as a key wealth market.