Report: UBS will eliminate 150 ‘rookie’ advisers
UBS Financial Services Inc. will shed more than 150 rookie advisers from its U.S. brokerage force, according to a report from Dow Jones.
UBS Financial Services Inc. will shed more than 150 rookie advisers from its U.S. brokerage force, according to a report from Dow Jones.
The firm will also reduce support staff for some of its brokers in October, according to the report, which cited sources familiar with the cutbacks.
The headcount reduction, which will start before the end of September, follows a larger move earlier this year in which UBS AG eliminated 2,000 positions worldwide, including some 500 financial advisers in the United States.
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