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.
The head of the U.S. wealth management division was its highest paid executive this year, but the Swiss bank is placing its future bets on emerging markets.
In the past three years, Wall Street firms have ramped up fiduciary training for their financial advisors ahead of rules, and market trends, that may demand it. So why don’t they want you to know about it?
