UBS
UBS Team in California Takes the Bid from Wells Advisors
Sweetened offers for headhunters appear to be helping the scandal-tarred U.S. bank offset some losses of departing brokers.
LPL Picks up UBS’ Robo Chief, Wells Teams Jump to Stifel
Rich Steinmeier will replace LPL veteran Bill Morrissey as head of recruiting, while Stifel continues to pick up Wells brokers in Modesto.
UBS Cracks Down on Options Trading by Brokers and Families
Tells top managers that they must hold themselves “to the highest standards with all accounts” following a margin-call debacle in an employee-related account.
UBS’s Main Unit Is Upgraded by Moody’s on Wealth Business
UBS Group AG had the credit rating for its main operations raised by Moody’s Investors Service, which said the restructured investment bank and wealth-management business should help the lender weather a market downturn.
UBS Nabs Merrill PBIG Broker, Morgan Stanley Loses to RayJay in Florida
In a late-spring flurry, lifetime Merrill broker in Boston joins rival wirehouse while a Florida broker who earned his spurs at UBS and Morgan Stanley slides to Raymond James.
UBS Eyes Family-Office Growth From Asia’s Ultra-Rich Clans
UBS Group AG expects most new family-office clients to come from Asia as global banking rivals compete to manage funds and broker deals for the world’s wealthiest clans.
Another UBS Team Shifts to Wells Fargo Advisors
A father and son in New York who had been with UBS for more than a decade moved in May, at least the third big-city team to make the UBS-to-Wells jump last month.
Kestra Unit Recruits Some UBS Vets to an RIA Platform
Rhode Island team that was managing about $340 million joins independent broker’s “private client group,” an RIA aiming to provide more support and lower payout than in a traditional Kestra arrangement.
UBS Said to Be Cutting Asset-Management Jobs Amid China Pivot
UBS Group AG is cutting jobs at its asset-management unit as it focuses on growth in China and passive and sustainable investing, according to people with knowledge of the matter.
Wells Fargo Rebounds with Hiring of Two Teams from a UBS Branch near Chicago
Brokers with a combined $449 million in client assets move to Wells in Oak Brook, even as the firm loses five teams collectively overseeing $951 million to Stifel Financial.
UBS Loses Claim for $1.2 Million Note Balance from Broker
New York City advisor was forced to leave UBS after it allowed a colleague to poach his largest account, invalidating its employment policies, according to his lawyer.