UBS

UBS is reducing pay substantially for sub-$750K producers and making smaller reductions for advisors on the higher end of the scale.

Swiss bank UBS reported a jump in wealth management revenues in the third quarter as profits soared higher than analysts expected. Still, CEO Sergio Ermotti warned of an economic soft landing and uncertainties in the U.S. presidential election.

After its integration of Credit Suisse is complete, the bank eventually wants to buy another U.S. wealth management firm to expand its presence stateside.

The art market is nearing a critical inflection point, according to a new 2024 survey of global collecting from Art Basel and UBS.

An industry recruiter sees RBC Wealth Management's appeal as lying in its international presence and clean reputation.

UBS executives estimate their plan to raise rates on certain accounts will cost the firm $50 million. A new suit cites that as evidence that the firm "violated its obligations to its clients."

The Swiss banking giant said a planned change to its yields on clients' uninvested cash will take a $50 million bite out of its net profits.

FINMA, the Swiss Financial Market Supervisory Authority, is tightening its scrutiny following the collapse of Credit Suisse last year.

Firms that haven't been afraid of generous recruiting offers have shown the greatest growth in recent years.

UBS is reorganizing its global wealth management arm, pursuing aiming to bring more investment services to ultrarich clients.