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UBS pulls 3 money management units into one
UBS Asset Management has reorganized three of its divisions into one, said an internal memo obtained by Pensions & Investments.Effective Jan. 1, UBS Asset Management will combine its equities, multiasset and hedge funds capabilities into a single unit to be led by Dawn Fitzpatrick.Ms. Fitzpatrick
It's the time of year when wirehouses tinker with adviser pay plans
Firms need to think differently as the arms race in upfront money continues unabated.
$5B Credit Suisse team latest to spurn Wells Fargo by joining Morgan Stanley
Wells finds exclusive recruiting agreement not enough to close the deal with all of the Swiss firm's brokers.
NFL star Freeney can proceed with fraud claim against Merrill Lynch
NFL star claims Merrill Lynch was complicit in a scheme that caused him to lose $20 million.
Battle rages over Credit Suisse brokers after Wells Fargo recruitment deal
Wells executive says 'feeding frenzy' taking place over some high-end producers.
UBS hires three Credit Suisse teams with $3.2B in assets
Houston-based brokers, who specialize in ultra-high-net-worth clients, include vets from Credit Suisse.
Merrill team with $2.9 billion joins Raymond James
Five advisers in New York bail on Merrill Lynch, the second multibillion-dollar wirehouse team to join RJ in the last five months.
Wells Fargo Advisors president Mary Mack pleased with reception from Credit Suisse brokers
Executive sees recruiting opportunity across the country after October recruiting deal struck.
Merrill Lynch is developing its own robo-adviser
Merrill Lynch has dozens of employees working on a robo-adviser prototype for Merrill Edge that's set to be unveiled next year.
Robert McCann named UBS Americas' new chairman
Exec will become chairman of UBS Americas, focusing on clients and strategic priorities. Tom Naratil, the group CFO and COO, will become president of UBS Wealth Management Americas and UBS Americas.
3 reasons the time is now for big breakaways
Using the example of the beer industry to prove financial advice is ripe for more moves to independence
Inside the death of the regional broker-dealer
Inside the death of the regional broker-dealer Many have either been acquired or are trying to become national firms Nov 1, 2015 @ 12:01 am By Bruce Kelly + Zoom A.G. Edwards & Sons Inc., Advest Inc., McDonald & Co. Twenty years ago, all were respected names in the securities industry — highly
A robo-adviser may be in the works for Morgan Stanley
Wealth Management President Gregory Fleming says a digital platform could attract younger clients to the firm.
Wells Fargo and Credit Suisse strike recruiting deal for 250 advisers
Wells Fargo & Co. and Credit Suisse have struck a deal for Wells to recruit close to 250 advisers currently under the roof of Credit Suisse's U.S. private bank.
Pennsylvania advisers with $425M AUM jump to UBS
One three-man team had $270M in assets, while a fourth individual joining separately had $155M.