UBS Wealth Management

The bank has picked up a few notable recruits this year, including a $6.6 billion team in April.

After a year marred by huge legal fines, questions about succession planning and a deepening slump in share prices, CEO Sergio Ermotti unveiled a revitalized board and replaced wealth management co-head Martin Blessing.

UBS Global Wealth Management, which oversees more than $2.48 trillion in invested assets, has gone underweight on equities for the first time since the euro-zone crisis.

Almost a year after taking over at the firm's investment bank, co-heads Piero Novelli and Rob Karofsky are working on their first shake-up of the business.

The firm's most recent lawsuit over alleged non-solicitation violations centered on an advisor's thank-you cards to clients.

The bank, which has made wealth management its central focus, plans to charge its Swiss clients an annual fee of 0.6% on deposits of more than 500,000 euros.

Profitability is improving and all divisions, except the firm’s biggest — wealth management — surprised the market on the upside.

The declining headcount comes even as the firm pulls in several big hires.

Lenders have learned that automated wealth management tools enhance interactions with clients — and bring in more business.

The wirehouse’s pipeline for incoming brokers is at a two-year high.

The wirehouse’s latest litigation suggests other everyday activities of defectors could come under scrutiny.

These firms scored big with advisors managing $1 billion or more.

Craig Findley once helped oversee a 36-member team that managed more than $6 billion.

The team made the transition with Kestra Private Wealth Services.

The fast-growing firm now has more than 100 brokers.

The firm had cut back on hiring efforts in 2016, citing exorbitant costs.

One advisor has more than three decades of experience in the business.

The firm has its origins as a family office founded by John D. Rockefeller in 1882.

CEO Sergio Ermotti has resisted pressure from some investors for large-scale layoffs, opting instead for smaller cuts with less impact on morale.

The pickup adds to the platform service provider’s hot streak.