Wealth Management industry news covering the financial markets, trends and wealth professionals.
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The investment bank has been quietly building out a retail wealth management strategy. The acquisition of United Capital, for $750 million in cash, turns up the volume and announces its position as a major player in the retail space.
UBS cut positions serving the bank's wealth, asset management and investment banking activities. The majority of cuts are in corporate center positions such as human resources, IT, marketing, and risk departments.
Shirl Penney, co-founder and CEO of Dynasty Financial Partners, discuses the four key service lines the firm offers and why he's so upbeat on the RIA model.
Zaim Hajdari, president of The Hajdari Group, says InvestHalal will serve a need for Muslim-Americans wishing to practice Shariah-compliant asset management.