13 Best & Worst Broker-Dealers: Q3 Earnings, 2015
Some firms had a “hiccup” in the period, while others squeezed out decent profit improvements.
Recruiting Roundup: Where Are the Credit Suisse Reps Going?
Many of these advisors decline to hook up with Wells Fargo and opt instead to join rival wirehouses.
Recruiting Roundup: UBS Grabs 3 Reps, Raymond James Adds 2 Teams
Meanwhile, LPL Financial brings on a new group, which also is affiliating with one of its hybrid RIAs.
Recruiting Roundup: UBS, Wells Fargo, Merrill Add Reps, Teams
Meanwhile, Raymond James announces its latest bank affiliate, and HighTower brings on a new wealth group.
‘Late to the Game,’ Wells Fargo Wins Deal to Recruit Credit Suisse Reps
The wirehouses and other firms are competing fiercely for some 300 wealth managers from Credit Suisse, which is closing its U.S. private banking unit.
Recruiting Roundup: Merrill Attracts $3.5B Group, as UBS Draws $1B Team
Meanwhile, Wells Fargo helps an ex-UBS group go independent, and Summit Trail gains a former-Barclays Wealth team
Financial Firms’ Q3 Earnings Seen Nearly Flat, at Best
As earnings season kicks off, analysts expect banks to report a rough third quarter, with one notable exception.
UBS to Pay $19.5M Over Structured Notes
SEC says this is the first case involving these products and faulty disclosures; it affected 1,900 investors, who lost $5.5 million.
Puerto Rico Loophole Utilized by UBS Targeted by House Lawmaker
Congressman plans to introduced bill to eliminate the island's exemption from the Investment Company Act of 1940.
UBS Nabs $1.3B Merrill Team; Wells Fargo Grabs $1B Morgan Stanley Reps
Meanwhile, Raymond James recruits groups with more than $800 million in client assets to its employee channel.