Fixed Income

UBS went on a recruiting spree in the fourth quarter adding 151 advisors, the firm reported. Many have joined from rival Credit Suisse, which is exiting the business. Image: Bloomberg
UBS Wealth Profits Plummet 94% on Recruiting Spree, Litigation
The wirehouse, which said it added 151 advisors, reported that it had paid out $284 million to clients who have lodged complaints related to the sale of Puerto Rico bonds.
A FINRA panel ordered the wirehouse to pay a client $95,000 for losses relating to bonds issued by the island commonwealth. By contrast, UBS says it faces more than $1 billion in similar claims. Read More »
Advisors may want to stop clients from rushing into this investment during uncertain times, even as it starts to regain lost ground. Read More »
Advisors are making portfolio changes, telling the TD Ameritrade sentiment survey they are worried about rising rates, among other concerns. Read More »
The biggest U.S. investors suggest caution on bond returns as the Fed raises rates Read More »
Most forecasters at this time last year were anticipating a faster pace of Federal Reserve tightening to send yields higher. Instead, yields stayed low as inflation held in check. Read More »
Higher interest rates will be a welcome relief for retirees who live on income from bonds, CDs and money market funds; Plus, clients should not assume their former employers will manage their 401(k) assets after they resign. Read More »
With the decade-long wait for higher U.S interest rates finally ended, investors are piling into the dollar. Read More »
The Fed raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of subsequent increases will be "gradual" and in line with previous projections. Read More »
An anticipated rate hike has led some advisors to rethink fixed-income allocations. Read More »
Fed Chairwoman Janet Yellen said she is increasingly confident that the economy is growing sufficiently to achieve labor-market improvement and higher inflation, laying the groundwork for a December interest-rate increase if data hold up. Read More »
Chicago Fed President Charles Evans admits he "would prefer to have more confidence" that inflation is actually on the rise before voting to raise rates. Read More »
Federal Reserve officials stressed that policy should be tightened only gradually after interest rates are increased for the first time since 2006, with New York Fed President William C. Dudley saying the conditions for liftoff "could soon be satisfied." Read More »
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