UBS

The move underscores wealth managers’ increasing focus on the not-yet-fabulously rich to boost profitability.

The wirehouse brought on 10 advisors from several rivals.

After a recent policy switch, many clients at the wirehouse can no longer use balances from their deposit accounts to purchase shares in these funds.

Nearly $388 billion of the super rich's net worth has been wiped away since 2016.

The strategy mimics one the executive used to boost profit at his previous employer, cross-town rival Credit Suisse.

The changes follow the firm’s recent move to cut some client fees on separately managed accounts.

It’s the sixth team to join JPMorgan Chase’s boutique brokerage in 2019.

Christine Carona's former boss allegedly made derogatory comments about her personal life in front of UBS employees, according to the arbitration ruling.

Sergio Ermotti is under pressure to lift a stock that has trailed peers for a year.

The policy shift affects the wirehouse’s separately managed accounts.

The firm is finding it harder to squeeze more profit out of its wealth management business.

The team, featuring three industry veterans, has opened a new Washington office.

The new advisors have joined the firm from rivals including Wells Fargo and Morgan Stanley, according to an internal memo.

The wirehouse is ballyhooing once below-the-radar hires. Now it should rejoin the Broker Protocol.

“We are looking at those issues about consolidation as one part of the equation,” Chief Executive Officer Sergio Ermotti said.

The Bay Area advisors had worked at Merrill for nearly two decades.

The bank has picked up a few notable recruits this year, including a $6.6 billion team in April.

The promotions broaden the pool of potential candidates to eventually succeed CEO Sergio Ermotti.

After a year marred by huge legal fines, questions about succession planning and a deepening slump in share prices, CEO Sergio Ermotti unveiled a revitalized board and replaced wealth management co-head Martin Blessing.

UBS Global Wealth Management, which oversees more than $2.48 trillion in invested assets, has gone underweight on equities for the first time since the euro-zone crisis.