Rumors Keep Circulating That UBS Brokerage Is Up For Sale


This time around, it's Chip Roame, head of industry consulting group Tiburon Strategic Advisors, feeding the speculation.


Roame notes that Wells Fargo -- usually pegged as the potential buyer -- is growing and wants to get a lot bigger, whereas UBS remains the smallest of the wirehouse firms.


UBS has consistently denied that it's selling its brokerage unit to anyone. And the fact that the firm is still actively recruiting reveals that the management team is trying to build it out as a going concern.


That's not really behavior that a company marking itself up for sale engages in.


Sure, we'd see some window dressing, but paying big transition bonuses to grab brokers across the country seems out of character if there was a sale pending.

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