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.
Outlook 2012: Equities–Top 5 Trade Ideas for the New Year
Here’s what the experts are saying about the investment outlook for stocks in 2012.
Merrill Boosting Edge FSA Force
BofA-Merrill added 27 Merrill Edge financial solutions advisors in Atlanta; Charlotte, N.C.; and Nashville and other nearby cities to its mass-affluent platform in late October. The bank says it is on track to nearly double the number of FSAs in branches and call centers to more than 1,000 by the...
Big U.S. Banks Are ‘Uninvestable,’ Say Industry Insiders at SIFMA Meeting
Industry insiders criticized big U.S. banks as being “uninvestable” on Tuesday at the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting in New York.
Krawcheck at SIFMA: Wall St. Must Shift Its ‘Culture of Crisis’
The wealth-management business also needs to do more to attract younger investors, as well as female advisors and managers.
UBS Sees Leaders Exit, Expects Profit
UBS said in early October that the co-heads of its global-equities unit resigned in response to the unauthorized trading that caused a $2.3 billion loss at the bank in mid-September. A former Bank of America-Merrill Lynch executive is now the sole leader of the unit. These shifts come on the...
Krawcheck’s $6 Million BofA Payday: ‘Win Win,’ Expert Tells AdvisorOne
The severance package for Sallie Krawcheck, the former head of Merrill Lynch, includes a one-time payment of $5.15 million and $850,000 in payments to be spread out over the next year.
BofA Adds 80 Advisors to Merrill Edge
Continuing its plan to nearly double the number of Financial Solutions Advisors serving mass affluent clients by year-end to 1,000, BofA announced Wednesday that it hired more than 80 FSAs across the metro Northwest region.
UBS CEO’s Departure Puts Advisors in Hot Seat
UBS advisors are facing a tough situation as they await the naming of a permanent CEO to replace Oswald J. Gruebel.
On Labor Day, a Look at the State of the Advisor Job Market—Slideshow
A look at the latest news surrounding job prospects, recruiting trends and M&A activity for wirehouse brokers, RIAs and every other advisor in between.