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...
After years of urging its
financial advisers to sell more life insurance, UBS Wealth
Management Americas is bringing in full-time experts and
offering financial incentives to prod its tradition-bound sales
force outside its comfort zone....More
Swiss bank UBS AG's U.S.
brokerage unit has named a new head for its private wealth
management division, as the company looks to expand its business
catering to clients with $10 million or more in investable
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.
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......More
This flawless, 101.7-carat, pear-shaped diamond—one of the world’s largest —will go up for auction at Christie’s “Magnificent Jewels” sale in Geneva on May 15, 2013. How much will it sell for? Choose the correct answer and registered site users will be eligible to win a one-year subscription to Christie's Geneva Jewelry sales catalogue, courtesy of Christie's.
After 18 months in the industry, all at WFA, I will be leaving the firm. I have not had great success at a wirehouse. It started well in the apprentice period and the first 6 months, but I missed my hurdle at the 9 month mark and have been scraping by ever since. After taking a further look at the requirements for the next 3 years, I realize that my head is going to be on the chopping block for most of that time barring someone in my network hitting the Powerball. I take full responsibility for this, but I will add that my firm has offered me little, if any, support at the local level....More