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UBS latest to shift broker compensation ahead of DOL fiduciary rule
Brokers will be paid a flat rate based on clients' retirement assets, not transactions.
Stifel, UBS lose advisers to Wells Fargo’s independent unit
Brokers in Missouri and Tennessee decide to take indie route.
As Merrill Lynch and Morgan Stanley cut back, what’s next for recruiting deals?
If you are a wirehouse adviser who has counted a giant recruiting package as part of your net worth, you need to recalculate.
Morgan Stanley joins competitors in cutting back on recruiting
Wirehouse said it intends to increase its investment in existing talent.
UBS veteran and $178 million team exit for Baird
Jeffrey Tolbert will manage firm's Oak Brook, Ill., office.
Morgan Stanley’s decision to cut Vanguard funds likely due to DOL fiduciary rule
Because of the fiduciary rule, broker-dealers are looking to have level compensation across their platforms.
UBS team in Lexington, Ky. leaves to form RIA
Trio that managed $113 million creates Wallace Hart Capital Management.
Steward Partners nears $5B as it continues to recruit wirehouse reps
The firm is an employee-owned, independent partnership associated with Raymond James, and has found success with its collegial 'no-jerk policy' for those who'd like to join.
Veteran PNC Wealth Management rep goes independent
$300M adviser launches firm in Naples, Fla., to serve affluent individuals and families.
Wells Fargo teams with SigFig to offer robo-adviser
The wirehouse, whose platform will be available next year, joins other big firms jumping into digital advice. (More: SigFig raises $40 million in funding led by Eaton Vance)
SEC uses big data to make $15-million case against UBS for improper complex products sales
The agency said that for the first time it used a coding technique against a broker-dealer to identify potential unsuitable transactions.
Adviser managing $289 million joins Stifel from Wells Fargo
Steve Myatt joining the Waco, Texas office.
Wirehouse recruiting numbers must be more transparent
Only when we see the facts behind the aggregate numbers can we learn what is really happening at these firms.
State Street Global Advisers to shutter 12 unloved ETFs
State Street Global Advisors is sending 12 of its exchange-traded funds to Palookaville, citing limited market demand.
UBS to offer NextShares exchange-traded managed funds
Firm also plans to enter into an agreement with NextShares to develop and launch their own version of these hybrid funds.
Private bankers look to profit off the rise of robo-advice
Artificial intelligence investment-advice services are likely to become more popular as banks expand services for the less-than-fabulously rich.
Fidelity blocks opening trades on several ETF products, citing suitability concerns
The fund giant wouldn't say if regulatory pressure compelled it to impose the practice.
UBS’ U.S. wealth management unit posts flat Q1 revenue but record managed account assets a bright spot
Managed account assets rose 3% to a record $361 billion, CFO Kirt Gardner said on Tuesday's earnings call
The markets may be unpredictable, but a smart financial plan isn’t
For investors in our volatile, fast-paced world, a financial plan can help separate the controllable from the uncontrollable.
Wirehouses escape the worst of the DOL fiduciary rule
The four large brokerages have emerged among the least affected by the heaviest regulation to hit the financial advice market in decades. (More: The DOL fiduciary rule covered from every angle)
