UBS Wealth Management

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.

Want to know what financial advisors can earn?

“We see optimism, but a guarded optimism,” says Mike Ryan, Americas chief investment officer at UBS Global Wealth Management.

The list includes the biggest wirehouse breakaway team in the past five years.

The changes follow a challenging first quarter for the firm’s wealth management operations.

The firm said earlier this year that it would deepen cost cuts.

For one of the new hires, the move was about getting back to “a culture of a smaller, more personalized firm.”

The move will merge capital-markets teams across wealth management and the investment bank in the U.S.

On Wall Street analyzes starting payouts at leading wealth management firms.

On Wall Street presents its annual analysis of base pay at wirehouse, regional and national broker-dealers.

The firm’s latest hires come at the expense of Oppenheimer & Co. and UBS.