Some of Wall Street’s most well-known brands are snapping up digital startups that cater to younger and more tech-savvy investors, and are ponying up billions of dollars to bring them on board. The UBS Group’s recent $1.4 billion acquisition of ...

The UBS Group acquisition of Wealthfront Inc. may have put an end to co-founder Andy Rachleff’s belief that “software is better than people,” but it highlights how new investing technologies that his company adopted, like direct indexing and cryptocurrency, are ...

UBS Group is buying the leading independent robo-adviser Wealthfront Corp. in a deal valued at $1.4 billion, ending months of speculation over the fate of one of the industry’s largest automated-advice platforms. The deal adds more than $27 billion in ...

Brett C. Moore, who managed $130 million at Morgan Stanley in Los Angeles, has moved to UBS Wealth Management. He will be based at the firm’s Beverly Hills office. Before joining Morgan Stanley five years ago, Moore ran a Santa ...

UBS global wealth management continued its strong 2021, and in the Americas region reported on Tuesday pre-tax profit of $559 million, up 51% year over year. According to the company, this was supported by rising adviser productivity and record loan ...

Michael Valenti and Samantha Maley, who managed $980 million at Morgan Stanley in Rochester, New York, have moved to UBS Wealth Management. The two have joined The Schoff Group at UBS, which had managed more than $2 billion before their ...

More than 1,500 advisers have left the wirehouse channel so far this year, a 37% increase over the departures in the first half of 2020 but in line with prepandemic trends, according to an analysis of the InvestmentNews Advisers on ...

The part of UBS global wealth management group operating in the United States and Americas region continued a strong 2021, reporting annualized revenue per financial adviser for the quarter ending in June of $1.7 million, a 29% year-over-year increase, and ...