Edward Jones Advisor Departures Hit 5-Year High in 2025: Report
Advisor departures at Edward Jones reached a five‑year peak in 2025, with 1,458 advisors leaving—a 35% increase over 2024. Roughly a third of the exits were veteran brokers with ten or more years at the firm, and retirements doubled, indicating an aging cohort. The firm’s push to modernize its advisory model, expand credentialing, and introduce new partnership economics appears to have accelerated the outflow. Attrition rose to 6.1% in Q3, causing the firm to miss its 3% headcount growth target.
UBS Bonus Pool Rises 10%, Ermotti Pay Unchanged at $19 Million
UBS increased its 2025 bonus pool by 10% as the Credit Suisse integration approaches completion, while CEO Sergio Ermotti’s total compensation remained unchanged at 14.9 million Swiss francs ($19.1 million). The bank cited stronger financial performance, progress on integration, and...
Ares CEO Says UBS Call on 15% Private Debt Default ‘Absolutely Wrong’
Ares Management CEO Mike Arougheti dismissed UBS analysts' worst‑case projection that private‑credit defaults could hit 15%, labeling it irresponsible. UBS warned the scenario could materialize if artificial‑intelligence disruption spikes borrower distress, but otherwise expects defaults to rise about 5% before...