Displaying 114 results
McCann stepping down at UBS
After joining from Merrill Lynch in 2009, he was credited with injecting new life into UBS' U.S. wealth management business
Morgan Stanley team managing $280 million moves to Baird
Four-person Fischetti Barry group is based in a suburb of Pittsburgh
UBS cuts ties with some Venezuelan clients amid U.S. sanctions
The move affects accounts with links to Venezuela's government or to the state-owned oil company, PDVSA
UBS’ private bank closure raises questions for elite advisers
Compensation and control over the client relationship are two key issues surrounding the shutdown
Wirehouses race to upgrade adviser tech amid pandemic
Merrill Lynch, UBS and Wells Fargo have all adapted to an increase in digital adoption, according to second-quarter earnings reports
Wells Fargo hires BNY Mellon executive as CFO
Mike Santomassimo will succeed John Shrewsberry as the bank prepares to cut costs
Five questions wirehouse advisers need to ask themselves
Firms make it easy to stay put for the entirety of an adviser’s career, yet many advisers are feeling uncomfortable with that notion — worrying that what got them 'here' may not get them 'there'
UBS may resume share buybacks
Second-quarter earnings show the bank's wealth management profit in Asia helped offset a 37% drop in profit year-on-year for the business in the Americas
Morgan Stanley to report on climate change impact of loans
The bank will also help develop a global accounting standard financial institutions can use to measure their impact on the climate
Sell baby sell! Merrill Lynch shuts down trainee program
The latest episode of the InvestmentNews Podcast looks at Merrill’s headache trying to manage broker trainees who are learning to cold-call from home
Merrill adviser headcount up 2% as trainee hiring resumes
The brokerage will also be getting back the 650 trainees it shifted to the wider bank to help with PPP loans
Federal Reserve caps bank dividends
Bank buybacks are also banned through the third quarter; Wells Fargo seen most at risk for dividend cut
One-third of UBS staff could work from home permanently
Being in the office is more important for some employees, like bankers working on an IPO, and less important for others, like advisers working with wealthy clients, bank’s COO says
Wells Fargo taps new head of wealth management group
Barry Sommers takes over for Jon Weiss, who was promoted earlier this year
Merrill Lynch team managing $525 million moves to Raymond James
The seven-member group in Coeur d’Alene, Idaho, joins the firm’s employee unit
Merrill Lynch bets on its next generation of advisers
The wirehouse is creating a new avenue for its 'client associates' to become full-fledged financial advisers
Morgan Stanley’s Gorman ‘thrilled’ with ETrade purchase
The CEO is particularly pleased with ETrade's technology and brand
UBS launches venture capital fund to digitize bank
It plans to invest in dozens of startups that are upending traditional banking
Only half Morgan Stanley staff will be back by year-end: CEO
Gorman said the portion of employees back in the office varies significantly depending on the location
Wells Fargo’s market value is down $220 billion since Fed cap
The limit the Fed imposed on the bank's assets are hitting harder as corporate customers draw down credit lines amid the pandemic
