UBS
UBS Hires Morgan Stanley Producing Manager, Loses Brokers to Independence
California advisor takes reins of Walnut Creek office, Salt Lake City family team joins Ameriprise’s “franchise” channel.
Veteran UBS Manager Meraz to Exit in L.A., Firm Hires Vegas Duo from Merrill
UBS bids adieu to L.A. complex manager Ron Meraz and recruits junior brokers from Merrill Lynch in Las Vegas who had a $116 million book.
First Republic Nabs UBS Recruiting Head
Albert Leshinsky, who ran recruiting at UBS for the past two years, will oversee First Republic’s recruiting efforts on the East Coast, according to sources familiar with the move.
RayJay Broker Joins Stifel Near Philadelphia, But Most Recruiting Processes Stall
A 19-year Raymond James broker jumped last week, but most moves have been delayed by coronavirus travel bans and nerves.
JPMorgan Seeks TRO Against In-Bank Broker Now at Merrill Lynch
Louisiana lawsuit underscores banks’ attempt to curb client solicitation by brokers who allegedly built their books passively rather than cold-calling.
Ameriprise Casts Lure Into Morgan Stanley, Wells Fargo, UBS
Wirehouse brokers in Atlanta, Connecticut and Massachusetts, each with more than $1 million of client accounts, joined Amerirprise’s employee channel on Valentine’s Day.
Morgan Stanley Nabs $14-Mln UBS Trio, $2.9-Mln JPMorgan Duo
Paul Vigue, William Platt and Renato Reali, who joined forces at Smith Barney 19 years ago, rejoined Morgan Stanley in Manhattan Friday and Damion Carufe arrives in firm’s Palm Beach office after 31 years at J.P. Morgan/Bear Stearns.
Morgan Stanley Winnows Recruiting Loan Balances to Below $3 Billion
With the end of a hiring freeze that reduced its overhang of balance-sheet loans by 29% since 2017, the wirehouse is now back in the recruiting game.
Recruiting Loans Surge at Ameriprise, LPL
Ameriprise’s loans to advisors rise almost 16% and LPL’s by close to 45% as companies who work primarily with independent contractors ramp up recruiting deals.
UBS Tells Rich Clients to Buy Dip in China Stocks Hurt by Virus
The spreading coronavirus epidemic is spooking investors out of equities but UBS Global Wealth Management is advising its high net-worth clients to use this as an opportunity to load up on Chinese shares.
Wells Fargo Hired 370 Brokers with $268 Million in Revenue in 2019
The firm’s aggressive hiring continues with recruits from UBS, Citigroup, Edward Jones and PNC Investments in recent weeks.
