Andrew Welsch is a former managing editor of Financial Planning.
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In the latest in a series of cases, an arbitration panel has sided with a client against UBS, ordering the wirehouse to pay nearly $1.5 million in damages related to UBS' sale of Puerto Rican bonds and closed-end funds.
February 22 -
It's never easy to talk to strangers, but establishing a swift rapport with prospective clients is vital for building your business. Advisors share their best tips for getting these conversations underway.
February 21 -
Janney Montgomery Scott hired six advisors, moving the firm closer to its goal of 50 new recruits this year.
February 19 -
Raymond James lost another advisor to Wells Fargos IBD, while several Morgan Stanley advisors made the jump to independence.
February 18 -
The wirehouse lost a veteran advisor who generated $1.5 million in annual revenue.
February 17 -
The departure comes two months after Deutsche Bank agreed to sell its U.S. Private Client Services unit to Raymond James.
February 16 -
The brokerage firm adjusted its comp plan for advisors in its employee channel, reflecting similar measures taken by Merrill Lynch.
February 15 -
The advisors left Credit Suisse, passing on an offer to join rival firm Wells Fargo.
February 15 -
The fund was purportedly a safe investment based on a computer algorithm. In fact, clients dumped millions of dollars into a fund, which later lost 80% of its value in a single month, authorities say.
February 12 -
It was the first major executive shake-up at the wirehouse since President Greg Fleming quit.
February 12
