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Registered Rep. April 19, 2010 John Aidan Byrne |
EXCLUSIVE: Is UBS Turning Around? Brokerage CEO Says Yes. UBS Wealth Management Americas, scrambling to stem the outflow of client assets, is seeing signs of hope.  |
Registered Rep. April 14, 2010 John Aidan Byrne |
UBS Retail Brokerage Nearing a Turnaround? Client asset withdrawals have slowed at the embattled U.S. wealth management business of UBS where, in a positive sign to investors, it reported much stronger first quarter pre-tax profit than previously expected.  |
Registered Rep. July 28, 2010 John Aidan Byrne |
UBS Brokerage Unit Turning the Corner? The "turning point" in client fund outflows is about to appear for UBS Wealth Management Americas.  |
Registered Rep. October 26, 2010 John Aidan Byrne |
UBS Stops the Bleeding, Adds Retail Client Assets Clients assets at UBS Wealth Management Americas outpaced withdrawals in its latest third-quarter results, a singular achievement last reported by the brokerage unit in the first quarter of 2009.  |
Registered Rep. July 26, 2011 John Aidan Byrne |
UBS Wealth Management on the Turnaround UBS Wealth Management Americas continues to improve, reporting pretax profit of $165 million for the second quarter.  |
Registered Rep. August 6, 2010 John Aidan Byrne |
UBS Advisors Welcome Mortgage Rollout Financial advisors at UBS Wealth Management Americas closely watched this week as the U.S. brokerage rolled out plans to sell more of its own mortgage and lending products through its retail brokerage force.  |
Registered Rep. April 26, 2011 John Aidan Byrne |
UBS Wealth Management Unit Improves Performance UBS Wealth Management Americas, rising from the ashes of its well-publicized disasters, had something to crow about this latest quarter (Q1 2011)  |
Registered Rep. February 7, 2012 John Aidan Byrne |
UBS' U.S. Brokerage Boosts Profits, Boasts Most Productive Advisors Despite global market conditions that lowered asset-based fees and transaction-based income, UBS Wealth Management Americas ended 2011 on firmer footing, earning $573 million for the year on revenues of $5.96 billion.  |
Registered Rep. March 30, 2010 John Aidan Byrne |
Waiting on McCann's Plan for UBS It won't be announced this week or next; instead UBS is eying an announcement in mid-April or later, people familiar with the matter told us.  |
Registered Rep. June 10, 2010 John Aidan Byrne |
UBS Ran Gauntlet, Beats Merrill, Says Bob Mulholland "We are really the only major relevant firm that actually went into the 2008 and 2009 abyss and came out the same firm," Mulholland told Registered Rep.  |
Registered Rep. October 27, 2009 John Aidan Byrne |
McCann Vows to Return UBS Wealth Management To Profitability New CEO Robert J. McCann says the wealth management division of UBS will not be put on the block.  |
Registered Rep. March 16, 2012 John Aidan Byrne |
UBS Betting Big On Asia UBS Wealth Management will embark on a global expansion outside the U.S., announcing yesterday it will hire another 500 advisers in the fast-growing emerging markets and Asia Pacific regions.  |
Registered Rep. February 8, 2011 John Aidan Byrne |
Some Bright Spots Among the Red Ink for UBS UBS Wealth Management Americas added client assets and a handful of advisors in the fourth quarter, cushioning the blow from steep legal costs that resulted in a pre-tax loss of $34.6 million.  |
Registered Rep. December 10, 2009 John Aidan Byrne |
UBS Announces New Comp Plan; Comp Focused on FA Loyalty and Future Production UBS' plan is a departure from brokerages where compensation is typically based on trailing commissions rather than on growth.  |
Registered Rep. November 17, 2009 John Aidan Byrne |
McCann Sets Ambitious Targets for UBS The chief executive of UBS' Wealth Management Americas also reiterated his profitability target of 15 to 20 percent for the division, and set a goal of CHF1 billion for annualized pre-tax profit.  |
Registered Rep. December 1, 2011 John Aidan Byrne |
McCann Reassures UBS FAs as His Profile Grows with New Appointment Robert J. McCann's responsibilities at Swiss bank giant UBS dramatically expanded with a new appointment Thursday.  |
Registered Rep. February 9, 2010 Kristen French |
UBS Americas Bleeds More Client Assets in Q4, Advisor Attrition Way Down Clients continued to withdraw significant assets from the firm both in the U.S. and around the world.  |
Registered Rep. March 15, 2010 John Aidan Byrne |
McCann Is the Man at UBS; Name Change to PaineWebber? The much-anticipated revival plan for UBS Wealth Management Americas will cap off a series of recent organizational changes garnering support from an important constituency: advisors at the beleaguered brokerage.  |
Registered Rep. October 27, 2009 Kristen French |
UBS Hires McCann UBS announced that it has hired Bob McCann as the CEO of its UBS Wealth Management Americas unit, replacing former head of the division, Martin Hoekstra.  |
Registered Rep. October 8, 2009 |
UBS Hires Bob McCann UBS has hired former Merrill Lynch executive Bob McCann to run its wealth management division in the Americas.  |
Registered Rep. October 5, 2011 John Aidan Byrne |
UBS Says Headhunters Playing Dirty, Unfairly Smearing the Firm Despite extensive media coverage describing nervous financial advisors and clients at the firm, insiders contend that much of this unflattering coverage is over-the-top.  |
Registered Rep. September 22, 2011 John Aidan Byrne |
McCann Memo Aims to Reassure Jittery UBS Brokers In a strongly-worded memo this week to employees at UBS Wealth Management Americas, CEO Bob McCann assured them that matters are under control.  |
Registered Rep. October 25, 2011 Kristen French |
UBS Wealth Management Unit Pulls Into First Place, McCann Tells Troops The "rogue" trading loss and departure of CEO Oswald Grubel doesn't seem to have driven clients away from UBS in the third quarter.  |
Registered Rep. August 31, 2010 John Aidan Byrne |
UBS Beefs Up Alt Investments for Risk Reduction Jerry Pascucci, a former Morgan Stanley Smith Barney executive, is joining UBS Wealth Management Americas on September 7 as head of alternative investments, according to an internal memo obtained by Registered Rep.  |
On Wall Street June 1, 2010 Lee Conrad |
Betting on McCann Can Bob McCann and his renewal team restore UBS Wealth Management Americas?  |
Registered Rep. September 3, 2010 John Aidan Byrne |
UBS Hires Four HNW Advisors The latest hires by UBS Wealth Management Americas reflect its goal of attracting business from the ultra rich in mostly major metropolitan markets in the United States.  |
Registered Rep. March 27, 2012 John Aidan Byrne |
Management Shakeup at UBS Wealth-Management Americas A management shakeup by CEO Bob McCann at the Americas brokerage unit of Swiss bank UBS AG will see two of his top executives assume more direct responsibility over its financial advisors, according to people familiar with the changes.  |
Registered Rep. January 29, 2010 Kristen French |
UBS Morale Lifts A number of top financial advisors at the firm say that they are so far very pleased with the leadership of UBS Wealth Management CEO Bob McCann and his team.  |
Registered Rep. April 16, 2009 John Churchill |
UBS to Cut Lower Producing Advisors The 8,700 jobs UBS plans to cut by the end of 2010 will include 2,000 in the Wealth Management division, many of them financial advisors.  |
Registered Rep. November 29, 2011 John Aidan Byrne |
UBS: Going Mobile with an FA App Financial advisors at UBS Wealth Management Americas are about to go more mobile - in a far-reaching pilot program that enables them to use an extensive array of UBS tools and other applications.  |
Registered Rep. February 6, 2010 John Aidan Byrne |
UBS Reorganizes Wealth Management Division (update) The Wealth Management Americas division is aiming to bolster the Swiss bank's brokerage.  |
Registered Rep. August 27, 2009 Halah Touryalai |
Uncertainty at UBS, Can UBS Afford McCann? The latest news out of UBS involves former Merrill executive, Bob McCann, who's dealing with a non-compete clause that's keeping him from supposedly joining the firm.  |
Registered Rep. August 5, 2009 French & Churchill |
UBS Close to Deal With Bob McCann, Reorg Under Way The move comes as the bank works to contain damage to its reputation done by the tax evasion dispute with the U.S. government.  |
Registered Rep. May 5, 2009 John Churchill |
UBS Posts Loss But Gains Retail Client Assets UBS posts its first-quarter earnings and blames bad loans on its books for the poor result.  |
Registered Rep. February 10, 2009 |
UBS Earning Get Kicked In The ARS! U.S. Wealth Mgt Unit Profit Wiped Out By ARS UBS announced a fourth quarter loss of U.S. $7.5 billion, capping a horrendous year for the Swiss firm.  |
Registered Rep. January 6, 2009 |
Sontag Takes McCann's Job At Merrill More shocking to Merrill Lynch advisors than the sudden departure of their leader is the disappearance of the "MER" logo from their computer screens.  |
The Motley Fool August 13, 2008 Alex Dumortier |
Is UBS Calling the End of Universal Banks? UBS is reversing its "one bank" strategy by giving increased autonomy to its three businesses: Investment Banking, Wealth Management, and Asset Management.  |
Registered Rep. August 26, 2009 David A. Geracioti |
Is McCann Close to a Deal with UBS? Bloomberg is reporting that Bob McCann, the former head of Merrill Lynch's brokerage unit, is nearing a deal with his old employer that will allow him to take a job running UBS's wealth management unit.  |
Registered Rep. October 31, 2007 John Churchill |
UBS Earnings Bomb Swiss banking giant UBS joined Merrill Lynch at the bottom of the credit related write-down pile with the release of its earnings.  |
Registered Rep. September 26, 2011 Kristen French |
UBS Wealth Management Not For Sale; Analysts Say Don't Rule it Out Completely; Veteran FAs Calm Interim UBS CEO Sergio Ermotti and UBS Chairman Kasper Villiger sent a memo to advisors re-emphasizing that WMA is not for sale, a rumor that has been persistent despite continued denials by executives at the bank.  |
Financial Advisor March 2012 |
UBS Reeling In Merrill Advisors The big four wirehouse firms are always trying to poach top talent from their rivals, but UBS Wealth Management seems to be doing a particularly job good job of late when it comes to snagging advisor teams from Bank of America/Merrill Lynch.  |
Registered Rep. May 31, 2013 Megan Leonhardt |
Sizing Up the Street In the latest earnings cycle, here's how the wirehouses stacked up.  |
Registered Rep. July 10, 2007 John Churchill |
With Wuffli Out, What Next for UBS? A Wealth Management Surge in the USA Peter Wuffli was replaced as CEO of UBS last week after the firm realized millions of dollars in losses in an internal hedge fund.  |
Registered Rep. November 9, 2010 Kristen French |
UBS Hires Three From Morgan Stanley As Recruiting Wars Intensify The war for talent is as fierce as ever, with some firms like UBS issuing a press release every time they make a big new hire.  |
Registered Rep. August 26, 2010 John Aidan Byrne |
Neck And Neck, Morgan and Merrill On Hiring Sprees Both firms say they plan to add net financial advisors in 2010, adding to stated plans to sign up 2,000 trainees each this year.  |
Registered Rep. June 1, 2005 |
60 Seconds with Bob McCann The Vice Chairman of Merrill Lynch's Wealth Management Group talks about the brokerage giant's hiring plans and other current initiatives.  |
Registered Rep. October 7, 2009 John Aidan Byrne |
Exclusive: McCann Back To Work In October Robert J. McCann, former president of Merrill Lynch, settles a bitter lawsuit with Merrill parent company Bank of America over a non-compete agreement. The settlement frees McCann to return to work this month.  |
Registered Rep. November 9, 2004 David A. Gaffen |
Mulholland Leaves as Co-Head of Merrill's U.S. Group Bob Mulholland, second-in-command in Merrill Lynch's brokerage unit, has surprisingly left the firm for retirement.  |
Registered Rep. March 1, 2005 John Churchill |
Earnings Forecast: Clouds Give Way to Sun The past year's earnings troubles belie the brokerage industry's sunny prospects for 2005. For advisors, the industry's recent troubles have translated into fewer jobs, but many firms are recruiting aggressively again.  |
Registered Rep. October 1, 2010 John Aidan Byrne |
Who Will be Number One Among the Wirehouses? A good old-fashioned Wall Street fight for retail assets -- and a fierce tussle over which firm can call itself the Number One retail wealth management firm on Wall Street -- is brewing.  |