UBS Wealth Management

The Swiss bank added a sprinkle of new US advisors for the first time in years, amid record quarterly profits and plans for global job cuts.

The move by Guinness Atkinson is likely to be just a start — quant giant DFA is already next in line to make a similar change to its product line.

As Wall Street jumps on the Bitcoin rally like never before, the firm says existential risks could threaten the industry over the long haul.

The new additions join a set of big hires at the wirehouse.

It’s the second-biggest hire of the year for the wirehouse.

After a volatile year, advisors get a reprieve when it comes to payout changes.

The new hires generated approximately $5 million in production before making the move.

“Financial advisors typically don’t speak athletes’ language, so athletes and entertainers gravitate toward those people who do,” said former Chicago Bears defensive end Adewale Ogunleye.

Refinitv’s Workspace will power the wirehouse’s investment research and risk assessment capabilities.

The firm currently provides benefits to 10,000 employers and their 2 million employees.

Meanwhile, the wirheouse’s advisor headcount ticks down and recruitment loans drop, again.

The wirehouse plucked the trio from Wells Fargo

The switch comes as the wirehouse revamps its technology platform with help from Broadridge Financial.

The firm expands on both coasts with Glasband Stempel Wealth Management in Florida and Carol Wilshire in California.

A lawsuit will turn on whether UBS can demonstrate that Alexandra Van Meurs violated contract agreements when she and her team jumped to Morgan Stanley.

Funds that follow a similar approach lost 5.1% over the period, according to Hedge Fund Research.

Billion-dollar teams are voting with their feet. Here’s where they are going.

After logging 27 years at the firm, the advisor is starting his “next 25-year chapter” as an independent.

The wirehouse added more than a dozen advisors in the last month managing more than $1 billion in client assets.

The firm employs just short of 70,000 people in 50 countries and had 80% of its worldwide staff at home during the height of the pandemic