North America
UBS unveils division to serve multicultural investors in US
They ‘are a sizable, yet underserved audience that are actively seeking wealth management advice’
Regulator charges ex-UBS adviser with stealing $5.8m from client
He allegedly spent most of the money on ‘gifts for several women with whom he had romantic relationships’
US in the news: BNY Mellon WM makes five hires in Miami
A round-up of people moves and M&A deals across North America
US wealth transfers to hit $84.4trn by 2045
Advisers need to be ‘open to evolving’ and ‘prepared for changes to their business models’
US in the news: Mercer Advisors makes triple acquisition
A round-up of people moves and M&A deals across North America