As UBS’ Profits Fall, Wealth Unit’s New Assets Soar
Wealth management in the Americas adds about 50 advisors and $4.6 billion in new asset flows during the first quarter.
Wirehouse Shuffle Brings 4 Merrill, Morgan Teams to UBS
These recruited reps should move over with more than $1.6 billion in assets and $9.2 million in annual production.
Wirehouses Post Mixed Results for Q4’11
Bank of America said in mid-January that it had net income of $2 billion, or $0.15 per share, for the fourth quarter of 2011 vs. a net loss of $1.2 billion, or $0.16 per share in the same year-ago period, meeting analysts’ expectations.
Q4 Earnings: UBS Profit Falls as Advisor Headcount Rises
Wealth Management Americas included 6,967 FAs at the end of the fourth quarter, up 171 from a year ago and 54 from the previous quarter.
UBS Nominates Board Members; Grabs Advisors From BofA, Morgan
The recruited reps come from Bank of America and Morgan Stanley with about $3 billion in assets and $18 million in production.
UBS’ Santucci on Training, Recruiting
Paul Santucci is COO of the UBS Wealth Management Advisor Group for the Americas, which includes about 6,900 FAs.
McCann Is Top UBS Americas Exec
UBS recently made Bob McCann head of UBS’ operations in the Americas and reassigned Philip Lofts to the post of chief risk officer for the Swiss-based firm. Maureen Miskovic, who had been chief risk officer for UBS since early 2010, left the firm.
UBS’ Santucci on Training, Recruiting: Weekend Interview
Paul Santucci, the wealth-management COO for UBS, shares his views on how UBS continues to attract new reps as well as veterans from rival firms.
UBS Lifts $800M Merrill Team, $375M Morgan Stanley Group
Bob McCann continues to work his recruiting magic as head of the Swiss-based bank’s U.S. unit.
UBS Grabs $1.9M Merrill Producer
Barry Mitchell joins UBS in New York from BofA-Merrill Lynch, where he managed about $290 million in assets.