{
}
A UBS Wealth Management USA team, the Gottlieb Rose Group, has transitioned to Morgan Stanley Private Wealth in New York City, bringing $10 million in annual revenue and managing $1 billion in assets. Led by Rachel E. Gottlieb and William J. Rose, the team specializes in serving clients in sports and entertainment. This move follows a trend of broker attrition at UBS, which has seen several teams depart recently.
Rockefeller Global Family Office has acquired two teams managing a combined $1.2 billion in client assets from Merrill Lynch and UBS Wealth Management USA. The larger team, Rhodes White Bazan Wealth Partners, based in Dallas, managed $1 billion and generated $8 million in annual revenue, while the Ladner Franz Wealth Partners group from Scottsdale managed $200 million with $2 million in revenue. This move is part of Rockefeller's strategy to expand its advisor teams, aiming for around 200 by year-end.
GAMMA Investing LLC now holds 503 shares of Stifel Financial, valued at $47,000, after acquiring 109 shares last quarter. Versant Capital Management increased its stake by 46.5%, owning 457 shares worth $48,000, while Mather Group LLC grew its position by 14.6% to 707 shares valued at $75,000. Institutional investors own 82.01% of the company, which has a current "Hold" rating from analysts, with a consensus price target of $117.71.
JPMorgan Chase & Co. increased its stake in HSBC Holdings plc by 103.6% in Q3, now holding 56,860 shares valued at $2.57 million. Other institutional investors also boosted their positions significantly, with HSBC shares recently trading at $51.41, reflecting a 1.5% increase. The company announced a quarterly dividend of $0.50, yielding 3.89% annually.
Stifel's chief investment strategist, Barry Bannister, predicts the S&P 500 will end 2025 in the mid-5,000s, citing sticky inflation and an economic slowdown as key factors for a market pullback. While he is the only strategist forecasting a decline, others anticipate a mid-year rally to 7,000 before a drop to 6,600. Bannister emphasizes a shift towards defensive sectors like Healthcare, Utilities, and Staples amid a challenging economic environment.
Stifel and BCA Research are the last bearish firms on Wall Street, predicting a down year for the S&P 500 in 2025. Stifel anticipates a 10%-15% correction due to extreme valuations and a slowing economy, while BCA forecasts a 27% decline, citing fading pandemic-era spending and recession risks. Both firms highlight high stock market valuations as a significant concern.
UBS has lowered its price target for Adobe from $550 to $525, maintaining a Neutral rating amid a 9% stock decline. The firm noted that Adobe's projected 10% growth in Digital Media revenues and limited AI impact contributed to the adjustment, despite the company's strong gross profit margins of 88.66%. Other analysts have also revised their targets, reflecting mixed sentiments about Adobe's growth potential and AI strategy.
UBS Group AG plans to restructure its U.S. wealth management business into six divisions, focusing on affluent clients below the ultra-wealthy level, effective January 1, 2025. This transformation aims to enhance client responsiveness and decision-making, while also expanding UBS's reach in the high-net-worth segment. The company is also exploring a joint venture in India to further grow its wealth management services.
UBS Group AG plans to restructure its U.S. wealth management business into six divisions, focusing on affluent clients below the ultra-wealthy level, effective January 1, 2025. This transformation aims to enhance client responsiveness and decision-making, while also expanding UBS's reach in the high-net-worth segment. The company is also exploring a joint venture in India to further grow its wealth management services.
Members of Stifel Financial Corp.'s Swiss equities team are reportedly leaving to join Oddo BHF, with about six staff members, including sales, traders, and analysts, giving notice. This transition follows Stifel's reduction in research personnel in Switzerland. Oddo BHF is expanding its operations in the region amid opportunities arising from the fallout of Credit Suisse.
Stifel Financial Corp.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs wealth management team joins morgan stanley in new york city
United States Dollar
Morgan Stanley
Stifel Financial Corp.
LPL Financial Holdings Inc.
MERRILL LYNCH MLCX SX6L INDEX
USA
William J. Rose
Show more
23:13 31.03.2025
rockefeller acquires two wealth management teams managing 1.2 billion dollars
United States Dollar
Morgan Stanley
FIDELITY INVESTMENTS CANADA ULC
Stifel Financial Corp.
MERRILL LYNCH MLCX SX6L INDEX
Janney Montgomery Scott LLC
USA
Debra Young
Ann Mcclain
Jason Ladner
Tim White
Greg Rhodes
Julio Lopez
John Bazan
Hunter Kral
Amy Lindsay
Paulina Schwarzbeck
Eric Franzosa
Show more
20:42 28.03.2025
stifel financial sees increased institutional investment and analyst price target adjustments
17:38 03.02.2025
hsbc stock sees institutional investment surge amid mixed analyst recommendations
JPMorgan Chase & Co.
HSBC Holdings plc
Stifel Financial Corp.
Bank of Montreal
BNP Paribas SA
Hightower Advisors LLC
GBR
Show more
09:04 21.01.2025
stocks predicted to decline in 2025 amid inflation and economic slowdown
United States Dollar
The Charles Schwab Corporation
Stifel Financial Corp.
Wells Fargo & Company
USA
Kevin Gordon
Christopher D Harvey
Tom Leek
Barry Bannister
Show more
14:01 15.12.2024
bears predict stock market decline in 2025 amid economic concerns
19:41 12.12.2024
ubs lowers adobe price target amid ai growth concerns and market reaction
10:40 12.12.2024
UBS Reorganizes Wealth Management to Target Affluent Clients in the US
United States Dollar
Stifel Financial Corp.
UBS Group AG
Citizens Financial Group, Inc.
CHE
Ron Kruszewski
Joe Biden
Show more
01:00 11.12.2024
ubs restructures wealth management to enhance affluent client engagement in us
United States Dollar
UBS Group AG
Citizens Financial Group, Inc.
Stifel Financial Corp.
IND
USA
CHE
Joe Biden
Ron Kruszewski
Show more
01:00 11.12.2024
Stifel Swiss equities team reportedly joins Oddo BHF amid expansion efforts
Euro
Stifel Financial Corp.
Oddo BHF SCA
Credit Suisse Real Estate Fund Siat
McKinsey & Co.
Commerzbank AG
Natixis SA
FRA
Christian Zahn
Show more
20:00 29.11.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Government Economic Policies
Market Analysis and Predictions
CEO Changes
Domestic Politics
Government Policies
Workplace Trends
GDP Growth & Recession Forecasts
Financial Scams and Security
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Deutsche Bank Money Market PP
The Goldman Sachs Group, Inc.
Banco Santander, S.A.
Credit Suisse Strategic Income I
Berkshire Hathaway Inc.
Lloyds Banking Group plc
SpaceXCoin USD
Morgan Stanley
Amazon.com, Inc.
UBS Group AG
Bank of America Corporation
Wells Fargo & Company
BNP Paribas SA
NVIDIA Corporation
Bank Frick AG
UniCredit S.p.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Japanese Yen
Swiss Franc
Indian Rupee
Chinese Yuan
South Korean Won
Canadian Dollar
Vietnamese Đồng
Australian Dollar
Thai Baht
Singapore Dollar
Indonesian Rupiah
New Taiwan Dollar
Mexican Peso
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Troy L Rohrbaugh
Jennifer Piepszak
Olivier Calvet
Karoline Leavitt
Ursula von der Leyen
Scott Bessent
Stacey Friedman
George Saravelos
Susan P. Crawford
Francois Xavier Bouvignies
Joseph Spak
Stefan Rauti
Jeff Bezos