UBS Investor Watch surveyed 4,500 high-net-worth investors in 14 countries.

Bank of America’s wealth unit posted record profits, financial planning revenue and bank loans, even as the markets tumble.

The commission charged the estate of Stephen Romney Swensen, arguing it continues to benefit from an alleged Ponzi scheme that stole from more than 50 investors and raised over $29 million before Swensen's death in June.

The unit is likely to draw interest from other asset managers and private equity firms.

The new tool is the third in a series of joint ventures with the independent broker/dealer’s large enterprises.

According to the commission, Keith Springer and his firm used 'deceptive marketing' via ads and his radio show to attract investors, many of whom were retirees.

The Wall Street giant plans to once again combine its expanded asset management and private wealth businesses into one unit run by Marc Nachmann.