UBS Wealth Management
Watch breaking news videos and read news updates about UBS Wealth Management on investmentnews.com
SEC penalizes 13 firms for improper sales of Puerto Rican bonds
The SEC cracks down on financial firms, including Schwab, J.P. Morgan Securities, Lebenthal, Oppenheimer, TD Ameritrade, UBS and Wedbush for selling risky debt beneath the minimum allotment of $100,000 for a single transaction.
Merrill snags $500 million team from UBS
Trio brought in $5 million in annual revenue at UBS and will join Merrill's elite private banking group. See also: Merrill loses longtime broker to Morgan Stanley)
UBS settles with Puerto Rico regulators for $5.2M over bond improprieties
UBS Financial Services Inc. of Puerto Rico, a unit of UBS Wealth Management Americas, has agreed to pay $5.2 million to settle allegations by Puerto Rico regulators that the firm's brokers may have improperly placed clients into its proprietary closed-end bond funds.
Ex-UBS adviser faces $5 million sexual harassment suit
Former intern claims she was offered Christian Louboutin shoes in exchange for sex; adviser and firm say she welcomed advances.
Wirehouses' cost cuts target support staff
UBS' plans to cut 75 sales assistants comes as firms including Morgan Stanley target new profit margin goals for next year.
Wirehouses challenged as retention deals fade
Study estimates that between 12% and 20% of long-term packages signed after 2008 mergers will expire annually over the next four years.
The financial fallout from Germany's World Cup rout of Brazil
Breakfast with Benjamin: Germany's World Cup rout goes beyond soccer. Plus: The SEC takes another stab at curbing high-speed trading, investment lessons from a crumbling cupcake chain, and dividend stocks are looking better than ever.
Wells Fargo hires UBS team in Texas
Wells Fargo Advisors has hired Robert “Bob” Higley and Robert “Bob” Gardner III from UBS Financial.They managed a combined $300 million in assets and had $2.5 million in production.The two joined the Memorial City, Texas, branch July 1. They bring a total of 61 years of industry experience to Wells
Indie reps happier at work than employee advisers: J.D. Power
Independent advisers continue to be happier at work than their colleagues who are employees of broker-dealers but the gap in job satisfaction among the two groups is narrowing. See how your firm ranks
UBS picks up Merrill adviser with $500M in assets
Stephen Davis joins the firm after spending his entire 21-year career at Merrill.
UBS wealth unit reports solid earnings, raises bar for advisers
After profits climb 30%, CEO challenges brokers to do more lending and boost margins
Wirehouses warm to bank channel recruits
Wirehouses are now focusing on a new market segment in their talent searches: bank channel recruits. Why the change in sentiment for advisers once considered too risky?
Finra gets arbitration process back on track in Puerto Rico
After several months of deliberations, Finra has expanded its pool of arbitrators and is ready to move forward with the hundreds of complaints related to collapses in Puerto Rico bond funds. That doesn't necessarily mean smooth sailing.
Brokers face challenges in originating mortgages
More financial advisers are becoming licensed mortgage loan originators as full-service brokerage firms look to be one-stop shops for wealthy investors, but some regulatory gray areas are causing concern.
UBS, Merrill push to keep bond fund hearings in Puerto Rico
In confidential meeting, firms' attorneys oppose allowing arbitration cases to be heard in Southeast venues.