UBS Wealth Management

The firm is embracing a playbook beloved by hedge funds: a slew of options trades.

The new hires came at the expense of Merrill Lynch, Morgan Stanley, UBS and Hilliard Lyons.

The following 17 teams oversaw about $75 billion in assets. The firms ending the year with prize recruits include a diverse cast: regional BDs, wirehouses, boutiques and RIAs.

A major Times Square development has secured more than $780 million in new equity, including about $400 million from UBS’s ultrahigh-net-worth and family office clients.

It’s another high-profile addition for the firm led by ex-Morgan Stanley executive Greg Fleming.

Jason Chandler will oversee the firm’s roughly 6,900 advisors.

The firm is changing course in response to a shifting regulatory landscape and advisor feedback.

Competitive pressures from the industry’s smaller players are changing the wirehouse playbook.

Building scale has become a key topic for asset managers across Europe amid sustained pressure from larger U.S. rivals.

Sergio Ermotti is under pressure to show investors how the bank can reap greater profits from a merger of its two wealth management businesses.

“This is a chance to redesign core systems, some of which go back to PaineWebber,” says Tom Naratil, president of UBS Wealth Management Americas.

Clients have filed hundreds of similar claims against UBS since 2013, with aggregate damages of $2.6 billion.

The new hires come almost a year after the two firms quit the Broker Protocol.

Recruiter Michael King discusses which firms have the most brand value, and where young recruits would be wise to look to start a career. He offers his insights as we continue the dialogue from our Recruiters Roundtable.

Men dominate the largest financial institutions and the situation is even worse at family offices.

The regional BD has picked up 15 advisors this month alone.

The move puts the Swiss bank more in sync with practices at regional brokerages.

The new hires build on the firm’s recent recruiting successes.

The lawsuit illustrates the persistence of such accusations among the nation’s more than 600,000 securities brokers.

To fill the gap, they are looking at the existing debt market with fresh eyes, tapping into potentially overlooked asset classes.