Industry

UBS Wealth Management Americas continues to build on its recent hiring spree with the addition of a two-member Morgan Stanley Smith Barney financial advisor team in Tucson, Ariz.

The Depository Trust & Clearing Corporation (DTCC) has named Credit Suisse executive Noel Donohoe to a newly created position of executive managing director and group chief risk officer.

In the second of a two-part series, Adam Moseley, managing director of Schwab Advisor Services' technology consulting group, talks about the benefits of making your client relationship management (CRM) system the command center of the entire RIA operation.

UBS Wealth Management Americas hired a two-member Bank of America Merrill Lynch team in its Akron, Ohio office. The team includes financial advisors Tom Ulrich and Nick Bryant. Together, they had $1.6 million in annual fees and commissions and $260 million in assets under management.

A trickle of corporate cash is beginning to flow into acquisitions, business launches and other capital expenditures, according to the 2011 AFP Liquidity Survey by the Association for Financial Professionals.

In the first of a two-part series, Adam Moseley, managing director of Schwab Advisor Services' technology consulting group, explains how RIAs can get the most out of their IT investments.

Barclays Wealth has hired six new investment representatives from Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley Smith Barney.

Citi Private Bank has hired Alexander “Lex” Zaharoff as managing director and head of the North America investment lab.

UBS has hired a total of 38 new financial advisors in June, with 24 of those hires coming in the last two weeks.

The new hires will work in Ohio, South Dakota and Wisconsin and previously had a total of $420 million in assets under management.