UBS Wealth Management

Where can a broker earn the most?

The firm’s latest hires come at the expense of Wells Fargo, Merrill Lynch and UBS.

The hit to wealth management from a difficult trading environment was already visible in the fourth quarter.

Cautious clients and muted markets are making CEO Sergio Ermotti’s job more difficult.

Fifty-nine percent of women age 20 to 34 defer investing and financial planning to spouses, according to a new survey.

The bank elevated 60 financial advisors and 36 Americas staff.

UBS advisor Michael Lorenzo is carefully eyeing “the impact that systematic strategies had on the markets, especially as 2018 is the new normal.”

Investors with this trait are a lot easier to work with, says UBS advisor William Wilson.

The group is comprised of 11 advisors and client service associates.

Though the firm reduced recruiting efforts in 2016, it continues to selectively hire talent from rivals.

The recruits will operate from a new Cincinnati office.

The former broker bilked more than a dozen former clients over an eight-year period, prosecutors said.

The $314 million team made the change after deciding it was a better fit culturally

It’s been death by a thousand cuts as a steady stream of top talent strikes out on their own.

The firm has been aggressively recruiting wirehouse talent.

In the U.S., investors pulled $174 billion out of active equity funds last year as stock pickers struggled to outperform their benchmarks.

Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, the firm said.

Overseeing money for the rich is supposed to be one of the best businesses in banking, but even the world’s biggest wealth manager is finding that it doesn’t always work out like that.