Stifel Q1 Earnings Fall, Miss Estimates
Its global wealth net income, though, rises 24% on sales of $329.4 million.
Hull to Replace Retiring Mulholland at UBS Wealth
In the first quarter, UBS Americas' nearly 7,000 reps top rival Merrill Lynch in yearly fees and commissions.
UBS Is Having Its Best Day in Years
Profit doubled last quarter for the Swiss bank, and wealth-management Americas' earnings rose close to 5%.
Wells Fargo Sees Q1 Profit Drop on Weaker Bank Results
Meanwhile, wealth and brokerage operations boost net income 18% in the period.
UBS Rolls Out 5-Year Succession Program
The plan gives retiring reps the chance to earn 230% of yearly fees and commissions and, partnering reps can get a 5% bonus.
Morgan Stanley’s Dhanda Named to New Role in Wealth Unit
He replaces Andy Saperstein, who is becoming co-COO of institutional securities.
Morgan Stanley Reworks Leadership of Wealth Unit
The moves, including the promotions of two female execs, come after Doug Ketterer's retirement.
UBS Cites FA Recruitment Pay for Q4’s Profit Drop in Americas
Average advisor fees and commissions went up, though, topping Merrill’s for the quarter.
Merrill Clear Adds Client Travel Service, Boosts Training
The firm adds travel services for clients and longevity training for advisors.
Fidelity’s eMoney Deal Will Help It Compete With Robo-Advisors: Kitces
The personal financial management software could offer a "potential treasure trove" of insights to Fidelity, Michael Kitces says.