UBS

Advisors can’t underestimate the emotional toll an exit can impose.

They say banks have good policies but discourage use of them.

The “materiality of risks with not considering" the strategy is the primary consideration for its implementation, a UBS survey finds.

The firm had cut back on hiring efforts in 2016, citing exorbitant costs.

Bullion is “once again trying to reclaim its role as a safe haven” amid trade war concerns and the Fed’s halt on rates, a strategist said.

Swiss banks face pressure across Europe, with prosecutors in France, Germany and Italy accusing them of helping clients hide money from tax authorities.

BlackRock will appoint an “independent fiduciary to vote” on proxies, according to a spokesman.

CEO Sergio Ermotti has resisted pressure from some investors for large-scale layoffs, opting instead for smaller cuts with less impact on morale.

The RIA is the largest firm to depart the protocol in more than a year and a half.

“We see optimism, but a guarded optimism,” says Mike Ryan, Americas chief investment officer at UBS Global Wealth Management.