UBS
2019 Comp: UBS Leaves Plan Mostly Untouched, Retains Strings on Bonuses
Hull reminds brokers that non-solicitation agreement will govern those who leave after accepting bonuses.
Ameriprise, RayJay Pick Up Multi-Million Teams, from Wells and UBS
Exits in San Diego and St. Louis extend advisor losses both wirehouses have been suffering.
UBS Team with Nearly $3-Mln in Production Opens RIA in Denver
Separately, a veteran Beverly Hills broker with around $730,000 left for Wells Fargo Advisors.
Boston Broker Now with Morgan Stanley Sues UBS Over Gender Bias
Christine Carona was a star broker at UBS Group AG. In the Boston office, she managed more than $300 million and was a member of the President’s Council, an elite club for top producers.
Ex-UBS Brokers in Puerto Rico Claimed Firm Misled Them About Bond Products
Finra arbitration panel granted former advisors who previously settled claims for some $30 million expungement of scores of customer complaints related to closed-end Puerto bond fund sales.
Arbitrators Grant Ex-UBS Advisor Right to a Former Team’s Trade Name
A Wisconsin broker now with Morgan Stanley must pay off $436,000 balance on his promissory notes but wins exclusive use of a marketing name for his plan sponsor practice.
UBS Teams Jump to RBC and Ameriprise in West and Southwest
Moves add to a steady stream of departures from the Swiss bank’s U.S. brokerage business as regional firms lay down the welcome mat.
Wells Fargo Names 30-Year UBS Manager to Run Arizona Complex
Roger W. Burton, who has run UBS branches in Ohio, Kentucky, Minnesota, Arizona and L.A. over a career going back to 1987, hops to manage a competitor’s advisors.
UBS Gives U.S. Wealth Managers Recruiting Pep Talk
Emphasize the “big numbers” large producers can earn over a long UBS career and the “unrealistic” sales targets that competitors set when offering back-end bonuses, it says in presentation.
UBS Calls Offsides on Broker Who Specializes in Pro Athletes-Source
Bruce D. Smith, whose “Sports Consulting Group” includes a former NFL star and whose social media sites feature an array of client athletes, has left the wirehouse following an investigation.
UBS, Morgan Stanley Lose Big-Hitting Teams in New York, New Jersey
UBS Wealth Management USA and Morgan Stanley Wealth Management, which each left the Protocol for Broker Recruiting last year, were…