Swiss Order UBS to Give Up Client Details
UBS Group is fighting a demand that it provide information on French clients to tax authorities.
Should UBS Sell UBS Americas?
Rumors are surfacing again, only to be denied by UBS. But “the conversation does make sense,” Aite’s Alois Pirker tells ThinkAdvisor.
UBS Announces Major Changes
In order to help raise pay for top advisors and support retention, the group says, it will reduce advisor recruiting by 40%.
UBS Wealth Unit Cuts Recruiting 40% to Beef Up Advisor Pay
The Swiss-based wirehouse says its plans are part of an overall reorganization and cost-cutting for its American wealth unit.
Morgan Stanley Files to Launch ETFs
The wirehouse plans to introduce both passive and active products, according to SEC registration documents.
Recruiting Roundup: Raymond James Adds $620M Bank Group, Advisor
Meanwhile, Morgan Stanley picks up four reps with a combined $790 million in assets.
SigFig Raises $40 Million
SigFig, a fintech firm that works with UBS and Pershing, says it now has over $70 million to support its tech work.
UBS Partners With SigFig on Tech Platform
The Americas wealth unit has decided not to go it alone when it comes to digital offerings; no robo-advisor is planned.
LPL Expanding HNW Services to Reps
Execs say the advisory "landscape has changed" and that the "credibility gap" between indie firms and wirehouses is no more.
UBS Q1 Profits Drop 64%; Mixed Results for Wealth Unit
But advisors in Wealth Management Americas continue to outpace rivals in fees and commissions.