Andrew Welsch

The wirehouse recently reported advisor headcount shrank by 258 advisors year-over-year.

The firm also opened a new office in Lancaster, Pennsylvania.

The hiring plans coincide with the firm's rollout of its digital advice offering, UBS Advice Advantage, which is offered through its call center.

Timothy Scheve will complete the term of John Thiel, the former head of Merrill Lynch, who left FINRA's board earlier this year.

CFO Paul Donofrio said advisors are embracing the firm's growth initiatives and incentives laid out in the 2018 compensation plan.

The brokerage ranks shrank by 258 from the year-ago period.

"If our profession truly cares about the well-being of our clients to the extent that the profession professes, then we need to swing this pendulum in the other direction," Elwyn says.

Collaboration is key to the effort since there “is no competitive advantage to be the only firm engaged in data protection."

The firm pulled in 11 new advisors in the first quarter of 2018, building on the 65 brokers hired last year.

The advisor, a former employee, has been soliciting more than two dozen clients at the bank, JPMorgan says.

A recent report about bad incentives for brokers "did not accurately reflect how we do business and serve our clients," said Jon Weiss, head of wealth and investment management.

Merrill Robertson Jr. had previously been sentenced to 40 years in prison in a separate criminal case.

The firm is asking a judge to dismiss a class action suit and force a former broker into arbitration, instead.

Dean Hoover is the latest advisor to join the Raymond James-affiliated independent firm.

The broker belonged to Morgan Stanley's Chairman's Club, a group reserved for the elite among the firm's advisor ranks.

It’s tough enough to grapple with sexual harassment in the workplace. It’s more complex when clients are involved.

The regional BD failed to properly document its own investigations in the matter, and couldn't answer some SEC questions about who knew what and when, the regulator says.

Despite leaving the Broker Protocol, UBS continues to selectively recruit high-end teams.

Frustrated by the limitations of working at a bank-owned brokerage, advisors Randy and Matthew Price opted to join the independent firm in Houston.

The departure is the latest in a string for the wirehouse, whose broker ranks have shrunk by more than 300 over the last year.