The right moves for your financial future

We are proud to be a source for advice

What is most important to you and your family? Why? We can be a part of your team that helps answer those questions today - - and for generations to come.

It may sound straight forward, but we believe there is a big difference between generating wealth and managing it.

J. Terence Carleton, CFA®

Senior Vice President–Wealth Management

Financial Advisor
View bio
- AZ
- CA
- CO
- CT
- DE
- FL
- IN
- MA
- ME
- NH
- NJ
- NY
- OR
- RI
- VA
- VT
- WA
Terry began his career as a shareholder of Kidder, Peabody & Co., where he was consistently recognized by Institutional Investor as an “All-Star Analyst.” He went on to help build and successfully monetize two nationally recognized private companies before joining UBS Private Wealth Management in 2009.

He has significant for-profit and non-profit board leadership experience, including investment committee leadership. His deep experience gained as either an Owner, General Partner, Limited Partner, Board Chair, Committee Chair, Trustee or Advisor offers clients unique insights as they think through personal, business and investment decisions.

Terry earned his B.S. in economics from Bentley College in 1977 and his M.B.A. from the Sawyer School at Suffolk University. He is a Chartered Financial Analyst®.
- Bentley College, BS - Economics: 1977
- Suffolk University, MBA
- Chartered Financial Analyst®
- Private Wealth Advisor
One Post Office Sq.
35th Floor
Boston, MA 02109
Erik Carleton, CFA®, CFP®

Financial Advisor
View bio
- AZ
- CA
- CT
- DE
- FL
- IN
- MA
- ME
- MO
- NH
- NJ
- NY
- RI
- VA
- VT
Erik joined UBS Private Wealth Management after spending the first 15 years of his financial career advising clients and managing assets for institutional pools of capital – most recently with Textron Inc, where he was primarily responsible for investment decisions in their $8 billion U.S. Defined Benefit Pension plan. His experience includes investment consulting, portfolio management, and governing board participation – with a passion for financial markets probably a byproduct of sitting around the Carleton family dinner table.

A graduate of Middlebury College (BA - Economics) and Bentley University (MS - Finance & MBA - Financial Planning), he brings an understanding of global markets, risk management, and institutional insights to our office. The planning and balance involved with intergenerational wealth preservation is one of his favorite professional topics, and he understands the unique challenges for both tax-exempt (Pension, Endowment, Foundation) and tax-aware (High Net Worth, Family Office) investors.

Erik currently serves on the Investment Committee for the Bentley University endowment and for the Rhode Island PBS Foundation, having also formerly served as a voting member of the state pension plan of Rhode Island. He lives in Barrington, RI with his wife and two children.
- Bentley University, MS - Finance
- Bentley University, MBA - Financial Planning
- Middlebury College, BA - Economics
- The Roxbury Latin School
- Chartered Financial Analyst®
- CERTIFIED FINANCIAL PLANNER™
- Chartered Alternative Investment Analyst®
One Post Office Sq.
35th Floor
Boston, MA 02109

J. Terence Carleton, CFA®

Senior Vice President–Wealth Management

Financial Advisor
View bio
- AZ
- CA
- CO
- CT
- DE
- FL
- IN
- MA
- ME
- NH
- NJ
- NY
- OR
- RI
- VA
- VT
- WA
Terry began his career as a shareholder of Kidder, Peabody & Co., where he was consistently recognized by Institutional Investor as an “All-Star Analyst.” He went on to help build and successfully monetize two nationally recognized private companies before joining UBS Private Wealth Management in 2009.

He has significant for-profit and non-profit board leadership experience, including investment committee leadership. His deep experience gained as either an Owner, General Partner, Limited Partner, Board Chair, Committee Chair, Trustee or Advisor offers clients unique insights as they think through personal, business and investment decisions.

Terry earned his B.S. in economics from Bentley College in 1977 and his M.B.A. from the Sawyer School at Suffolk University. He is a Chartered Financial Analyst®.
- Bentley College, BS - Economics: 1977
- Suffolk University, MBA
- Chartered Financial Analyst®
- Private Wealth Advisor
One Post Office Sq.
35th Floor
Boston, MA 02109
Erik Carleton, CFA®, CFP®

Financial Advisor
View bio
- AZ
- CA
- CT
- DE
- FL
- IN
- MA
- ME
- MO
- NH
- NJ
- NY
- RI
- VA
- VT
Erik joined UBS Private Wealth Management after spending the first 15 years of his financial career advising clients and managing assets for institutional pools of capital – most recently with Textron Inc, where he was primarily responsible for investment decisions in their $8 billion U.S. Defined Benefit Pension plan. His experience includes investment consulting, portfolio management, and governing board participation – with a passion for financial markets probably a byproduct of sitting around the Carleton family dinner table.

A graduate of Middlebury College (BA - Economics) and Bentley University (MS - Finance & MBA - Financial Planning), he brings an understanding of global markets, risk management, and institutional insights to our office. The planning and balance involved with intergenerational wealth preservation is one of his favorite professional topics, and he understands the unique challenges for both tax-exempt (Pension, Endowment, Foundation) and tax-aware (High Net Worth, Family Office) investors.

Erik currently serves on the Investment Committee for the Bentley University endowment and for the Rhode Island PBS Foundation, having also formerly served as a voting member of the state pension plan of Rhode Island. He lives in Barrington, RI with his wife and two children.
- Bentley University, MS - Finance
- Bentley University, MBA - Financial Planning
- Middlebury College, BA - Economics
- The Roxbury Latin School
- Chartered Financial Analyst®
- CERTIFIED FINANCIAL PLANNER™
- Chartered Alternative Investment Analyst®
One Post Office Sq.
35th Floor
Boston, MA 02109

Proven advisors with subject matter experts at their side help make your possibility of success a reality.

Estate and trust lawyers speak one language. Insurance professionals, another. Tax experts view the world through their particular lens. Direct investment professionals through another. In many cases, what seems like a good decision in one place causes problems in another.

We are here to be your personal advisor that understands these languages, and can “translate” what you are being asked to consider against your overall financial objectives.

Do you trade Liquidity for Illiquidity? Is it advisable to Control Volatility at the expense of Tax Efficiency? If you are insuring against risk, what is that risk? These are only a few of the many decisions you will be asked to make as you build and continually shape your financial future.

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Private Wealth Management

As a team within the exclusive Private Wealth Management division at UBS, we connect you to the dynamic presence of one of the world‘s leading wealth managers. Private Wealth Advisors serve many of the firm‘s largest relationships, providing extensive reach and the distinct advantage of the firm‘s global perspective, insights and resources.

Your family. Your legacy.

Families with substantial wealth require skilled advice and guidance, and a keen understanding of complex family dynamics. We are adept at working with families like yours, helping you navigate the complexities that come with multiple generations and—often—jurisdictions.

We help you forge a holistic plan for your wealth that considers the goals and aspirations of every generation and articulates a clear path to move you toward them. In the process, we consider a range of issues, including:

Estate planning
Wealth preservation strategies
Family governance
Next gen education
Legacy planning
Philanthropic giving

Advanced Planning Group

The Advanced Planning Group consists of former practicing estate planning and tax attorneys with extensive private practice experience and diverse areas of specialization, including estate planning strategies,

income and transfer tax planning, family office structuring, business succession planning, charitable planning and family governance.

The Advanced Planning Group provides comprehensive planning and sophisticated advice and education to ultra high net worth (UHNW) clients of the firm. The Advanced Planning Group also serves as a think tank for the firm, providing thought leadership and creating a robust intellectual capital library on estate planning, tax and related topics of interest to UHNW families.

A wealth plan that evolves with you

Our in-depth planning process begins with questions and a conversation to uncover everything that’s important to you—beyond your money and wealth. Then, we organize your financial life in a way that gives you confidence you’ll have what you need when you need it using three key strategies:

Liquidity—wealth for now

To help provide cash flow for short-term expenses to help maintain your lifestyle.
It’s meant to help you fund expenses for the next 3-5 years for things such as entertainment, taxes or buying a home.

Longevity—wealth for later

For longer-term needs and to help improve your lifestyle.
It’s meant to help you plan and pay for a number of needs that may include retirement, health care, long-term care and possibly a second home.

Legacy—wealth for others

For needs that go beyond your own and to help you improve the lives of others.
It could include expenses like giving to family, philanthropy and wealth transfer over generations.

Making sense of significant wealth

We can help you plan for it.

When you have created or inherited significant wealth, you have opportunities to pursue bold and meaningful undertakings. How do you make decisions that will guide you successfully forward, no matter what your goal?

We believe it’s all about connection. That’s why we are prepared to take that journey with you today, tomorrow, every step of the way.

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As of 11/07/2023

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The right moves for your financial future

We are proud to be a source for advice

J. Terence Carleton, CFA®

Erik Carleton, CFA®, CFP®

J. Terence Carleton, CFA®

Erik Carleton, CFA®, CFP®

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Proven advisors with subject matter experts at their side help make your possibility of success a reality.

Private Wealth Management

Your family. Your legacy.

Advanced Planning Group

A wealth plan that evolves with you

Making sense of significant wealth

Backed by the strength of UBS

A global leader in wealth management

Insights

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