But it is also the case that you have to make it more profitable. The best thing about PaineWebber is the freedom and the entrepreneurial. is a market where you have to be present. Here are all of the comments RR heard from PaineWebber brokers. Charles has enjoyed writing about investments in his. “If you are going to be a global wealth manager, then the U.S. World UBS To Acquire Paine Webber J/ 9:56 AM / AP UBS AG, one of the world's largest private wealth managers, said on Wednesday it will buy PaineWebber Group Inc. Bradford & Co., which was acquired by Paine Webber then later acquired by UBS Financial Services.
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trial of a former employee for helping a billionaire client hide $200 million.Ĭonsidering a sale of Paine Webber, the broker it bought nearly eight years ago for about $10 billion as a bridgehead into North America, is part of a review which is due to be concluded by October. The bank’s management, led by Chief Executive Marcel Rohner, is also grappling with the U.S. UBS is under pressure from the Swiss financial watchdog and from one of its top shareholders, Olivant, to overhaul its business after more than $37 billion in writedowns during the credit turmoil. He began his career with Paine Webber (5. Charles Goodman has been in the securities industry since 1986. wealth management business, according to sources with direct knowledge of the matter. Partner, Chief Compliance Officer, and Wealth Advisor. LONDON (Reuters) - Beleaguered Swiss bank UBS UBSN.VX is considering the sale of Paine Webber, the heart of its U.S.
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