Subscribe

In largest deal of year, Focus nabs $1B UBS team

Focus has been actively looking to facilitate breakaway deals by helping wirehouse teams form their own firms or join existing Focus partners.

In the largest announced deal of its kind this year, a group of financial advisers who managed $1 billion in assets at UBS Wealth Management Americas left the massive Swiss-owned brokerage to start an independent firm with offices in the Western United States.
Veteran brokers Timothy B. Kneen and Cl

Subscribe or log in to read the rest of this content.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Ken Fisher plans to step down as CEO of firm

Billionaire behind Fisher Investments has discussed his intentions for years, but succession plan isn't clear.

DoubleLine’s Jeff Gundlach plans new global bond fund

DoubleLine's Jeffrey Gundlach plans a new global bond fund just as a potential Fed hike could create new risks and opportunities for managers.

Massachusetts’ Galvin investigates fund pricing glitches

Massachusetts' top securities cop is investigating the failure of an accounting platform he said delayed correct pricing for billions of dollars in mutual funds and ETFs.

Voya restricts variable-annuity sales under regulatory pressure

In response to Finra's warning on suitability, the firm's affiliated brokers will no longer sell certain types of L share annuities, a move that puts the company in line with other B-Ds.

ETFs are the next frontier for liquid alternatives

Mutual funds have been the go-to wrapper for alternative strategies, but that's changing.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print