Sweetened offers for headhunters appear to be helping the scandal-tarred U.S. bank offset some losses of departing brokers.
Rich Steinmeier will replace LPL veteran Bill Morrissey as head of recruiting, while Stifel continues to pick up Wells brokers in Modesto.
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 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.
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 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.
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 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.
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.
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.