UBS
UBS Wealth Americas Lost $6.4 Billion of Customer Assets in Second Quarter
Pretax profit jumped 17% in the Swiss bank’s U.S. business, but expense growth, customer account outflows and stagnant profitability metrics disappointed analysts.
Judge Denies UBS Attempt to Handicap Ex-Broker’s New Firm
Connecticut advisor Phil G. Fiore and his team at Procyon Partners are free to solicit their former UBS clients, judge rules.
Ex-UBS Broker Ordered to Give Back $643K of “Forgivable” Loans
Arbitration panel said New York broker now with Merrill Lynch liable also has to cover his former firm’s legal fees in case.
Ka-Ching! Recruiting Slowdown Fattens Brokerage Bottom Lines
Morgan Stanley executives applaud return to sanity in recruiting deals and improvement in retention as deal-making slows.
UBS Lures “Top” Woman Advisor from RBC’s Hometown Office
Despite its recruiting retrenchment, UBS continues hiring selectively.
UPDATE: UBS Awarded Half of $1.1 Mln Note Claim Against Chicago Broker
Finra arbitrators also award $100,000 to another Illinois broker who alleged he was defamed in a JPMorgan U-5 separation filing.
UBS Lands $3-Million Merrill Lynch Lifer in New Jersey
The move of Matt Kraft’s 4-person team on Monday in Paramus continues a spurt of hiring by UBS from its rival despite announcing a hiring pullback last July.
UBS Puts New Caps on Managed Account Fees
Firm has imposed 2.5% maximum fee on its five wrap programs.
Breakaway UBS Broker Hires Big Legal Gun to Fend Off Wirehouse Lawsuit
Phil Fiore, who recruited six members of his former team to his new RIA, has hired a lawyer who once headed UBS’s retail litigation unit.
June Busts UBS Wealth Balloon as Another Multi-Million-Dollar Team Jumps
Ten-person group in Honolulu producing more than $5 million left for Raymond James, marking at least sixth UBS departure this month.
William Blair Builds Wealth, Grabs Multi-Million-Dollar Wirehouse Vets in Boston, New York
UBS team with combined 77 years of experience switches to Beantown outpost of Chicago-based firm.
