UBS

The No. 1 IBD’s top recruiting executive announced his retirement after the firm disclosed some mixed recent results.

In an investor-backed power play, the tech startup wants wirehouses and banks to turn to it instead of traditional software providers as they make upgrades.

The firm scaled back its investment bank after the financial crisis to reduce risk and focus on its large wealth-management business.

The move marks the fifth new office added by the hybrid RIA this year.

The smallest of UBS’s operating divisions is said to have eliminated at least 100 positions in areas including distribution over recent months.

Nearly three-in-four advisors (73%) do not have a succession plan in place.

Alexandra Court had been promoted to global head of institutional distribution in 2016, a move accompanied by about two dozen job cuts in that division.

The regional firm's latest hires include several veteran financial advisors.

Banks such as UBS aim to offer money managers refuge from jittery markets by combining bonds with more exotic options.

Scheduling freedom allows for more time with the kids, say those in the industry.