The Wall Street giant's newest alts offering, launched under a "G-Series" branding, builds on a broader trend of investment firms looking to expand alts access to the masses.
Farhad Firoozi is the latest in a long line of senior executives Wells Fargo Advisors has hired from rivals.
Can employees sue over what they perceive as mismanagement of pharmacy benefits?
The financial advice industry has waited for years to see if the wirehouse would embrace RIAs.
The firms' latest additions in Florida and Nevada come as a strategic change at UBS raises risk of advisor defections.
Banking giant stresses commitment to merit-based hiring, compensation, and promotion as anti-DEI orders from Trump reverberate across federal agencies and corporations.
Toward the end of last year, UBS said it was redrawing its pay plan for advisors.
The banking giant is undertaking a tech revamp as it addresses longstanding concerns around data risk management.
Calvin Gray repeatedly impersonated victims who were customers of a number of other banks and financial institutions, according to a federal indictment.
The Finra panel found UBS Financial Services liable for $69.1 million in punitive damages.
The wirehouse's "strong investment in technology and AI has improved financial advisor productivity," KBW's David Konrad said.
According to his BrokerCheck report, Roger A. Gallagher was charged last August with two felony counts and he pleaded not guilty to both.
But the Finra panel's decision against James Iannazzo was not unanimous.
“If Morgan Stanley had called my client’s son, this wouldn’t have happened,” the investor's attorney said.
UBS is looking to boost the firm’s bottom line even as some financial advisors search for greener pastures.
Alternatives are quickly becoming a mainstream allocation in wealth management.
“These penalties are certainly significant enough to draw the big firms’ attention," one executive said.
It's a truism in the financial advice industry that many advisors dislike selling banking products.
The group joining RBC's New York City office, led by advisors formerly affiliated with First Republic, gives it an additional foothold in the ultra-high-net-worth space.
The banking giant is set to pay at least a nine-figure sum over collapsed lender's failure to cooperate with efforts to catch tax-evading clients, according to the Wall Street Journal.
