UBS Wealth Management

“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.