The new benefit will go with UBS’s target retirement funds and other investment options.
Asian stocks bounced back while European securities slumped following the Federal Reserve's interest-rate cut.
Ex- hedge fund chief James Marquez was ordered to serve 51 months for conspiring to defraud investors.
The subprime-credit debacle caused the firms' profits to fall sharply in the fourth quarter.
Although they are pessimistic about the U.S. economy, they are optimistic about their own company's prospects.
Treasury Secretary Henry Paulson this morning expressed optimism that a temporary growth plan can be enacted quickly.
The recommendations are designed to handle conflicts of interest between managers and investors.
John Koehler will lead a group of nine specialists, each one focusing on advanced planning techniques.
In an surprise move, the Federal Reserve cut interest rates from 4.25% to 3.50%.
Investors are becoming interested in environmentally aware companies from an economic rather than a socially conscious perspective, and many are turning to their financial advisers for help in going green.
