Displaying 16 results
UBS ordered to pay investor $532,846 for overly risky portfolio
Lawyer claims award was a 'poor decision' and should have been bigger.
Raymond James adds advisor managing $350 million at UBS
Richard Weisberg will operate as Weisberg Wealth Management in Naples, Florida.
Raymond James nabs $680 million team from UBS
The four advisors operate as Momentum Wealth Partners in Akron, Ohio.
Despite a $5.2M YES arb loss, its biggest yet, UBS may keep fighting
It's been win some, lose some for UBS as it defends its complex options strategy, but lately investors seem to be prevailing more.
Finra arbitrators award $468,126 to customers who invested in UBS YES product
But a different case centering on the complex option strategy was dismissed last month by a separate panel of arbitrators.
UBS wealth group’s legal costs spike in Q2
The legal expenses linked to UBS' Yield Enhancement Strategy, which featured options, appear to be adding up.
Wirehouses ditched recruiting years ago, but hit records in 2021. What changed?
Ten years ago, hiring financial advisers at wirehouses had a hammer and tongs feel. Today, hiring and hanging on to advisers are much more nuanced endeavors.
UBS loses another YES arbitration case, this one costing more than $1 million
While the firm has prevailed in some cases involving its options trading strategy. its losses are adding up, too.
Client awarded $1.1 million from UBS in arbitration
A Mississippi investor had accused the firm of negligence and breach of fiduciary duty related to his investments in UBS' managed accounts.
Betterment a potential target after Wealthfront deal
The New York-based robo-adviser, which landed its largest capital funding round to date in September, for a valuation of $1.3 billion, could now have a significant bull's-eye on its back for potential buyers.
Former UBS rep charged with stealing $5.8 million
German Nino used $4.2 million of a client's money on gifts for several women with whom he had romantic relationships.
UBS sued over muni-bond snafu that cost clients
UBS Financial Services misreported interest paid on taxable munis, resulting in higher tax bills for clients, according to a lawsuit.
Rockefeller adds UBS team managing $1.9 billion
Knowlton Knowlton & Larsen will be Rockefeller's first group of advisers in Boston.
Trio managing $215 million at UBS goes indie at LPL
The Atlanta-based, woman-led team is affiliating through Gladstone Wealth Partners, an office of supervisory jurisdiction.
UBS team managing $4.8 billion launches RIA
The move comes at the closes of 2020, which has seen fewer breakaways exit than previous years, but with higher average AUM
Five-time MLB all-star sues UBS, ex-rep for $7.6M
Five-time MLB all-star Mike Sweeney claims unsuitable investments in private placements cost him nearly $5M. Now he's suing UBS and one of its former reps to recover the cash.
