Where Are the Departing UBS Reps Going?
The firm is shedding advisors, who are moving on to a variety of rivals and going independent.
UBS Americas Cites Higher Regulatory Costs for Q2 Wealth Profit Drop
Yearly fees and commissions per advisor top rivals at $1.12 million; average assets per rep stand at $150 million.
Wells Fargo, Raymond James Add Reps From UBS, Merrill & Morgan Stanley
A veteran female team goes independent in Utah.
Best Broker-Dealers Ranked by Financial Advisors: J.D. Power — 2015
Satisfaction poll by J.D. Power finds a big drop in loyalty as frustrated reps consider their options.
Baird Adds Branch Manager From UBS, Advisor From Morgan Stanley
The employee-owned wealth firm added advisors in Maine and Ohio.
Six Banks to Pay $5.8 Billion, 5 Plead Guilty to Market Rigging
The charges and settlement are tied to the banks' manipulation of foreign-exchange trading, according to the Justice Department.
Top Portfolio Products: UBS Adds REIT ETN; Global X Launches Beta ETFs
Also, Diamond Hill rolls out valuation-weighted exchange-traded fund, and Pomona Capital adds private-equity product.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2015
Here’s how some of the biggest firms’ earnings compared over the first quarter.
U.S. Set to Rip Up UBS Libor Accord, Seek Conviction
The Swiss-based bank faces both interest-rate rigging and currency-market manipulation probes.
Citigroup Says U.S. Declines to Prosecute on Libor Rigging
The Justice Department advised the bank that it made the decision “based on the facts and circumstances."