UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centers as the largest Swiss banking institution in the world.
UBS
Rockefeller Nabs UBS Team, Morgan Stanley Brokers Jump to J.P. Morgan and Gladstone
Los Angeles team that joined Rockefeller includes two brokers who had overseen $320 million in assets while J.P. Morgan hires managed $250 million and the Gladstone broker oversaw $200 million.
Wells Nabs $1 Mln-Plus Producers in TX and OH, Loses Indie Broker to LPL
M. Tracy Barker, a 33-year industry veteran in Cincinnati, is joining Wells and bringing along his daughter, previously a Proctor & Gamble finance manager, as a trainee.
UBS Team with $3-Mln Shifts to Stifel, Another $3.9-Mln Group Joins RIA
Texas team, which moved in September, had managed $900 million while breakaway team in Maine had $530 million in assets and moved in August.
Merrill Offers $200 Payments to Vaccinated Staffers Who Return to Office
The payments are being offered to those in field roles, excluding advisors and office managers, a company spokesman confirmed.
UBS Claws Back $1.9-Mln in Notes Case But Owes Broker $300K for His Trouble
A three-person arbitration panel sided with UBS for the majority of the award against a broker who joined Wells in 2017 but also said the firm had misrepresented its loan program and agreed with the broker’s constructive discharge claim.
Wells Binges on Million-Dollar UBS Producers in New England and South Florida
Among several new hires, Wells plucked three UBS brokers with a combined $3.7 million in annual revenue, including a New England duo and solo producer in Boca Raton.
Wire Wars: Morgan Stanley Lifer with $2-Billion Book Jumps to UBS in CA
The Newport Beach team includes a 24-year vet and two of his sons and joined UBS’s private wealth unit for ultra-wealthy customers.
UBS Ordered to Pay $800k in One ‘YES’ Case, But Prevails in Another
One panel awarded two couples who had lost nearly $700,000 on their investments in UBS’ Yield Enhancement Strategy their money back plus prejudgement interest, while the wirehouse notched its ninth YES victory with another panel.
UBS Claws Back More Than $1 Million in Notes Owed by Two Former Brokers
One broker, Jason L. Seifert, was denied in his counterclaim that UBS made “errors and misrepresentations” prior to his 2011 hire that resulted in damage to his client relationships, reputation, income and “ability to succeed,” according to an arbitration award.
Wire Wars: Trio of Merrill Michiganders Jumps to UBS
A producing manager for Merrill in Grosse Pointe, Michigan jumped to UBS Wealth Management USA on Sept. 17 along with a four-year broker and support staffer.
RBC to Pay More Than $863K to Settle Charges over Muni Bond Sales
The SEC said the firm misallocated municipal bond offerings to “flippers” at the expense of institutional and retail investors.
