As Hurricane Sandy brutally pounded the North East coast of America, fears of another Facebook or Flash Crash-style technology disaster played heavily on the decision to shut down US stock exchanges...
Despite having to set aside nearly $2 billion for legal and regulatory charges during the third quarter, UBS reported a profit of $803 million, up 32 percent from a year ago on record profits in its global wealth management unit....More
UBS Wealth Management Americas (WMA) crossed the threshold in the first quarter with a string of new records: pretax profit of $251 million, net new money of $9.2 billion, and invested assets of $891 billion....More
The milestone for the profitable U.S brokerage division comes even as its Swiss-based parent firm posted an overall loss. Bob McCann's strategy of paying for premium brokers seems to be working....More
What do wirehouse advisors think of their firms? WealthManagement.com surveyed 3,402 advisors asking them to dish the dirt on their firms, telling us what they liked and what they don't. Here are some of the results.