Wells Fargo pulls from UBS, Osaic from Commonwealth

UBS is bent on using its pay policies next year to reward advisors who stay put amid accelerating defections for rival firms.

But it’s unlikely the steady stream of exits will abate for at least a while. Both UBS and Commonwealth Financial Network, which has been losing advisors amid its acquisition by LPL Financial, bid farewell to big teams this week. Read about those and other advisor moves below, along with notable industry deals.