The firm is announcing an initiative, the Equity Collective, in which wealth and asset management firms commit to working with career-focused community organizations to reach young people from more diverse backgrounds.
The prevailing trend of advisers going independent has only gathered steam, according to third-quarter Advisers on the Move data.
Two advisers from Truist and a trio from Merrill Lynch are moving to the firm's employee channel.
Francine Payson and Tarek Salhab are joining the firm's employee unit in Fort Myers, Florida.
The three advisers will open the firm’s third Montana office in Helena.
The common theme advisers share is that despite this effort, the firm's leadership is still quite disconnected from their real concerns.
Gus Fingado and Matthew Walter are joining the firm's employee unit in Manalapan, New Jersey.
Mark Johnson, Bart McNabb and Adam Johnson based in Wayzata, Minnesota.
The wirehouse is tweaking how it calculates advisers' payouts.
Meanwhile, the investment bank announced plans to launch a digital wealth manager in the U.S. next year targeting affluent clientele.
The bank is responding to internal wrangling about how the profits from the unit that deals with some of its richest clients are shared between its wealth management and investment management businesses.
The new service, scheduled to begin sometime next year, will service customers with between $250,000 and $2 million in assets, a group that UBS hasn't previously targeted in a meaningful way.
David Winchell is setting up his own firm, Winchell Financial Group, in Las Vegas.
The veteran advisers and three associates make the switch in midtown Manhattan
James Gorman of Morgan Stanley and Charlie Scharf of Wells Fargo both took time during their earnings conference calls to share some thoughts about their RIA competitors.
The new adviser development program is up and running with 750 advisers. Some of the new recruits could be already licensed to sell securities, but don't have a background in financial advice, according to the company.
In July, Charlie Scharf said that indie brokers were 'underutilized.' In the latest quarter, the number of advisers declined 2.1%.
The wirehouse made yet another acquisition in the wealth management space last month, this time a retirement plan company with $43 billion in assets.
After recruiting seven teams of advisers in the first half of the year, the bank added just one team over the summer, executives of the firm said on an earnings call.
Guy Rodgers Private Wealth Strategies is based in Mansfield, Texas.
