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UBS ordered to pay $204,000 in Puerto Rican bond claim
Finra panel says firm was liable for breach of contract and unsuitability.
UBS, after dumping the broker protocol, continues to see brokers come and go
The wirehouse has seen 14 individuals or teams leave and five join for a net loss of $2.4 billion in AUM
UBS plans to cut 840 funds from its platform
Broker-dealer will remove about 20% of its 4,200 funds, a trend among wirehouses with several possible reasons behind it.
Wirehouse advisers: time to unionize?
If leaving becomes more and more challenging for advisers, their firms may keep cutting compensation to boost returns to shareholders.
UBS shrinks recruiting costs in 2017, boosts adviser pay
Both trends reflect the firm's shift away from recruiting in favor of increasing the compensation of existing brokers.
Ex-Morgan Stanley, UBS advisers prevail in TRO claims
The key to whether exiting brokers can beat temporary restraining orders from wirehouses is how they handle client information.
UBS buckles to pressure over non-solicitation agreements
Changes will be pegged to brokers' 2018 bonuses instead of those for 2017. But is this a trend other firms will follow?
Speculation mounts on whether others will follow UBS’ latest move to prevent brokers from leaving
UBS brokers must sign a 12-month non-solicit agreement if they want their 2017 bonuses.
Eight brokerage firms urge CFP Board to delay new fiduciary standards
Ameriprise, AXA Advisors, Edward Jones, LPL, Morgan Stanley, RBC, Wells Fargo and UBS call on organization to stand down until SEC proposes its own rule later this year.
UBS adviser managing $200 million moves to Alex. Brown
Andrew Hutcheson joins Raymond James unit in Los Angeles.
As two wirehouses bail, RIAs flock to broker protocol
Small RIAs see only the upside of joining the agreement, which allows them to recruit without fear of litigation
Wirehouses turn away from bitcoin
None of the big four brokerages are giving their wealth management and retail advisers access to trading the cryptocurrency or any related products.
Citigroup is latest big firm to dump broker protocol
Despite having fewer brokers than Morgan Stanley and UBS, Citi's exit suggests industry recruiting will change.
UBS team managing $440 million moves to Raymond James
Five-person team in Winter Park, Fla., shifts to firm's employee channel.
UBS replaces wealth management chief
The move is the second high-profile private banking departure in two weeks.
Three big effects of the shifting broker protocol
More firms will exit the protocol as technology changes the game, and clients will reap the rewards.
Raymond James, Stifel pick up wirehouse advisers
KMS snags National Planning Corp. team, while Kestra adds retirement specialist team from Cadaret Grant
Finra bars former UBS rep for private securities transactions
Regulator says Kenneth Tyrrell engaged in undisclosed trades worth $13 million.
Morgan Stanley will boost savings with broker-protocol exit, UBS analysts say
Report from rival firm says wirehouse stands to benefit from lower recruiting costs.
As firms pull out of protocol agreement, wirehouse brokers show more interest in breaking away: execs
Firms such as Dynasty Financial Partners and Raymond James have seen an uptick in engagement among wirehouse brokers.
