Industry

UBS Wealth Management Americas turned out a record fourth quarter, serving as a bright spot in an otherwise tough quarter for the Swiss bank.

Confluence has promoted two its key executives - James “Skip” Smith and Frederick Winston - to the roles of chief operating officer and chief financial officer, respectively.

Bank of America Corp.’s Lisa Shalett, who was chief investment officer for the firm’s Merrill Lynch brokerage for two and a half years, will leave the company.

The acquisition increases Atlanta Capital’s AUM to $950 million

Merrill Lynch financial advisor Charles Balducci says that partnering with Eric Snyder, who ties with him to take the number 12 and 11 slots on the Top 40 Under 40 list, is a critical part of his success.

Goldman Sachs Group Inc. President Gary Cohn said that Europe still faces “fundamental problems” and that policy makers don’t appear to have a plan for generating economic growth in the region’s southern nations.

UBS AG posted a second straight quarterly loss after booking a fine for trying to rig global interest rates and costs tied to job cuts.

The firm has picked up a 26-year industry veteran to help grow its practice in Florida.

For Wells Fargo Advisors Financial Network, offering financial advisors more choice in terms of how they want to practice helped propel the business to a record year in recruiting in 2012.

The Naples office of The Private Client Reserve is expanding its services, adding new advisors and relocating to a larger office space in the upscale neighborhood of Mercato.