Arbitrators award UBS client almost $90,000 of $402,000-plus claim that he was deceived about the safety of an options strategy.
Arbitrators reject Barclays executive’s $2.5 million claim that he was duped by a UBS team’s options overlay strategy and let his broker expunge customer’s complaint from his regulatory records.
Two advisors had been managing $1.7 billion in client assets, according to an announcement from UBS.
Wirehouse leaves grid levels unchanged, adds team requirement, lifts numerical loan requirement, raises minimum account sizes for “private wealth” bankers.
Star producer Sean Fetterman and his team allegedly got $35 million package to join Morgan Stanley, UBS says in suit seeking to prevent them from contacting clients.
After raising payout hurdles in 2020, UBS told advisors on Thursday that it is making no changes in 2021 compensation plan.
Boca Raton, FL-based group that joined Morgan Stanley last week managed about $1.7 billion in client assets at UBS.