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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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
Registered Rep.
May 4, 2010
John Aidan Byrne
UBS Client Asset Outflows Slow in Q1 Improving market conditions softened the blow as total client assets hit $721.6 billion in the brokerage unit of the Swiss banking giant. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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) mark for My Articles similar articles
On Wall Street
June 1, 2010
Lee Conrad
Betting on McCann Can Bob McCann and his renewal team restore UBS Wealth Management Americas? mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
Registered Rep.
October 1, 2009
John Aidan Byrne
Former ML Chief Free to Take Job Robert J. McCann is free to take the reins at a major Merrill rival now that he settled a lawsuit today with Bank of America. mark for My Articles similar articles
On Wall Street
January 1, 2012
Who's News UBS AG has named Robert J. McCann chief executive of UBS Group Americas... Raymond James shifted its leadership team ahead of the expected departure of Raymond James Financial Services Chairman and CEO Dick Averitt next year... more... mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
Registered Rep.
July 15, 2010
John Byrne
UBS Launches New Wealth Planning Unit Tony Roth, who previously ran the brokerage's private wealth management portfolio advisory group, has been named to lead the new division. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
The Motley Fool
November 25, 2011
Shubh Datta
Another Investment Bank Chops and Changes UBS looks to shed its investment banking business. mark for My Articles similar articles
On Wall Street
October 1, 2009
Helen Kearney
UBS Weighs Options as the Suddenly Smallest Wirehouse No one can deny it's been a tough year for UBS's wealth management business in the U.S. mark for My Articles similar articles
Registered Rep.
February 10, 2009
In First Media Interview, McCann Says Resignation Was At A "Logical Time" In his first interview since leaving Merrill Lynch, Robert J. McCann says he maintains good feelings for both Merrill Lynch and the timing of his departure. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
Registered Rep.
May 31, 2013
Megan Leonhardt
Sizing Up the Street In the latest earnings cycle, here's how the wirehouses stacked up. mark for My Articles similar articles
BusinessWeek
February 11, 2010
Elena Logutenkova
No Time to Rest at UBS The Swiss bank is profitable again - but CEO Grubel still needs to stem the exodus of wealthy clients. mark for My Articles similar articles
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. mark for My Articles similar articles