Industry

UBS AG reported first-quarter earnings that beat analyst estimates on higher revenues at the investment bank and in wealth management.

Madorie O’Hara, a former Citi Private Bank portfolio manager, will manage investment portfolios for Webster’s private banking clients. She will be based in Stamford, Conn.

The wealth management industry is poised to become more concentrated and consolidated, or is it?

Ameriprise tapped the four wirehouses and LPL in its latest round of recruiting.

Registered investment advisor assets continue to ascend rapidly, according to Cerulli Associates.

The firm raised its annual compensation for top executives citing strong company and wealth management performance.

Within a decade, only about 150 large, profitable wealth management firms will dominate wealth management, according to a new forecast co-authored by Mark Hurley, chairman and CEO of the Fiduciary Network.

Merrill Lynch’s ultra high net worth business, the Private Banking and Investment Group, has snapped up two Morgan Stanley Private Wealth Management advisors in Houston, Texas.

American Century Investments has named former BlackRock/Barclays Global Investors executive Vinod Chandrashekaran senior vice president and director of quantitative research.

T. Rowe Price Group has no immediate plans to begin offering active exchange-traded funds, the Baltimore Business Journal reports.