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Wells Fargo CEO Stumpf says firm’s wealth-, investment-management business is biggest growth opportunity
Wells Fargo's wealth- and investment-management business has the potential to earn multiples of what it brings in now, making it the firm's largest growth opportunity, chief executive John Stumpf said.
Battle rages over Credit Suisse brokers after Wells Fargo recruitment deal
Wells executive says 'feeding frenzy' taking place over some high-end producers.
Robert McCann named UBS Americas’ new chairman
Exec will become chairman of UBS Americas, focusing on clients and strategic priorities. Tom Naratil, the group CFO and COO, will become president of UBS Wealth Management Americas and UBS Americas.
UBS scores $2 billion Morgan Stanley team
The third billion-dollar-plus team to leave Morgan this summer is the latest in a series of big swaps.
It’s the time of year when wirehouses tinker with adviser pay plans
Firms need to think differently as the arms race in upfront money continues unabated.
$5B Credit Suisse team latest to spurn Wells Fargo by joining Morgan Stanley
Wells finds exclusive recruiting agreement not enough to close the deal with all of the Swiss firm's brokers.
UBS hires three Credit Suisse teams with $3.2B in assets
Houston-based brokers, who specialize in ultra-high-net-worth clients, include vets from Credit Suisse.
Pennsylvania advisers with $425M AUM jump to UBS
One three-man team had $270M in assets, while a fourth individual joining separately had $155M.
$258M UBS team goes independent with Wells Fargo FiNet
Curtis Rach and Jud Crary join established practice in Irvine, Calif.
Veteran Merrill Lynch adviser jumps to UBS
Mark Wilkins managed about $425 million in client assets at the wirehouse.
UBS pulls 3 money management units into one
Firm combines equities, multiasset and hedge funds into single division.
UBS’ head of wealth management Bob Mulholland to retire
Bob Mulholland, who oversaw the firm's 7,000 advisers and helped engineer a turnaround in the wirehouse's brokerage unit, will be replaced by UBS vet Brian Hull.
SEC, Finra fine UBS $34 million over Puerto Rico funds
Fine related to two actions from the SEC and Finra over sales of closed-end bond funds and a former broker's fraud.
Morgan Stanley’s wealth management unit sputters in global slowdown
Revenue from transactions decreased 28.5%, as skittish investors stayed away from the market.
Reining in expungements
Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.
Morgan Stanley shuffles Greg Fleming’s role in surprise move
In a surprise move, the president of Morgan Stanley's wealth management and investment management divisions now will oversee only wealth management.
Wells Fargo Advisors president Mary Mack pleased with reception from Credit Suisse brokers
Executive sees recruiting opportunity across the country after October recruiting deal struck.
3 reasons the time is now for big breakaways
Using the example of the beer industry to prove financial advice is ripe for more moves to independence
Merrill loses $3.3 billion private banking team
A group of advisers left to form their own RIA, Corient Capital Partners.
Wells Fargo Advisors chief: Clients expect a more digital experience
Clients are looking for a more digital experience in an increasingly digital world, but the advice industry hasn't kept pace with the times, according to Mary Mack, president and head of Wells Fargo Advisors.
