UBS
UBS Loses $3 Million-Duo in San Francisco to First Republic
Team who had been with the Swiss bank’s private wealth group for 11 years accept offer from rapidly expanding bank.
Former UBS Private Wealth Leader Straus Nabs First Client as IBD
FallLine Securities, founded three years ago as a home for “private banking”-level brokers, picks up 14-year UBS veteran in Dallas.
UBS Ruins Coming-Out Party for Fired Broker’s New RIA Firm
Phil G. Fiore, who was discharged by UBS in November, is hit with a lawsuit aiming to prohibit him and three former members of a $6 million team in Connecticut from soliciting former clients to join his fledgling business.
As Wirehouses Narrow Recruiting Doors, Manager Finds New Pasture
Jeff Crystal, a longtime Morgan Stanley branch manager, is preaching the virtues of working as an independent adviser through a new unit of a company owned by the son of auto-racing mogul Roger Penske.
Arbitrator to Colleagues in UBS Pay Case: Have a Heart
Broker who left to care for his children is entitled to his deferred compensation because “arbitration is not only about law, it also about equity and fairness,” Finra arbitrator wrote.
With Clock Ticking on New Hires, Merrill Lands Jumbo UBS Teams
A group with $3 billion in client assets joins in Chicago and a $1 billion-asset duo jumps in New York as Merrill turns off the spigot on big bonuses.
UBS Rushes Out Comp Changes Ahead of DOL Implementation Deadline
Firm will allow commission accounts but will suspend grid-based payouts.
Branch Managers Face Uncertainty Following Wirehouse Recruiting Pullback
As Merrill, UBS and Morgan Stanley retreat from costly hiring, field managers at the big firms await new marching orders.
Morgan Stanley Takes a UBS Sales Assistant to Court
Firm alleges a year after SA left its Toledo, Ohio, office that she is illegally sharing her former colleagues’ customer data with her new associates.
UBS Wealth Americas Flaunts Benefits of Recruiting Pullback
Recruiting loans to financial advisors dropped below $3 billion as the firm focuses on retention rather than new hires.
Raymond James Hires UBS’s Kim Jenson for Senior Branch System Role
UBS’s longtime Chicago complex manager will be chief operating officer of Raymond James & Associates.