UBS
Merrill Loses $2.8-Mln Producer to UBS, $2-Mln Team to Independence
Advisors in Louisiana and New Jersey left Merrill after about two decades.
UBS Dinged in YES Options Case, Complaints Remain on Brokers’ Records
Arbitrators award UBS client almost $90,000 of $402,000-plus claim that he was deceived about the safety of an options strategy.
UBS Wins Another ‘YES’ Case, Broker Gets Expungement
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.
UBS Hires $7.5 Million Goldman Sachs Team in Philadelphia
Two advisors had been managing $1.7 billion in client assets, according to an announcement from UBS.
UBS Hires Solo Advisors from Merrill and Bernstein, Loses Team to Morgan Stanley
UBS attracts multi-million-dollar advisors in southern California and Texas, loses Boston-area duo producing $3.5 million to Morgan Stanley.
2021 COMP: Morgan Stanley Adds Team Bonus Hurdle, Lifts Private Wealth Minimum
Wirehouse leaves grid levels unchanged, adds team requirement, lifts numerical loan requirement, raises minimum account sizes for “private wealth” bankers.
$20-Million UBS Team Jumps to Start RIA
A twelve-person “private wealth” group in Manhattan overseeing more than $4 billion for ultra-wealthy families join a firm affiliated with former private wealth executive John Straus.
Judge Issues TRO Against $14 Mln UBS Team that Jumped to Morgan Stanley
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.
2021 COMP: UBS Keeps Pay Plan Unchanged–Memo to Brokers
After raising payout hurdles in 2020, UBS told advisors on Thursday that it is making no changes in 2021 compensation plan.
Wire Wars: Morgan Stanley Lands $14-Million Florida Team from UBS
Boca Raton, FL-based group that joined Morgan Stanley last week managed about $1.7 billion in client assets at UBS.
$5-Mln Merrill Team Joins UBS in California
Merrill Lynch on Friday lost three advisors near San Francisco overseeing $920 million of assets to UBS, and two in Dallas managing $200 million to an independent firm affiliated with Raymond James.
