UBS

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

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

It’s one of the largest teams to quit a wirehouse this year.

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.

Clients have been jolted into engaging with their total wealth, not just their money, says UBS’s Ultra High Net Worth and Private Wealth Management Americas head John Mathews.

The advisors know RBC’s Pittsburgh complex director from earlier in their careers, when all three men worked at Smith Barney.

The wealth management firm says the pandemic has proven how invaluable the benefit is for retaining talent.

The addition for Venture Visionary Partners grows its staff to 28 and total AUM to $3.7 billion.

The former wirehouse advisors specialize in financial strategies for high-net-worth clients, families and businesses.

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.

Innovation is key in today's dynamic market. Suni Harford, president, asset management at UBS walks us through two significant innovations she drove in the asset management industry this year — including a ground-breaking approach to climate change and sustainable investing.

The wirehouse plucked the trio from Wells Fargo

Fortunes in the tech and health care sectors jumped by 43% and 50%, respectively.

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

While some big Wall Street firms are seeking to get staff back to the office, there are already signs of how challenging that could be.

Talk about European banking consolidation has been heating up as the coronavirus pandemic adds to challenges such as negative interest rates that have weighed on profitability for years.

The pandemic has underscored the need for more socially and environmentally responsible financing.

The move is one of the largest of the year.