UBS posts record earnings on wealth management feesPhilipp Goellner
As part of the pitch, UBS picks up the additional asset manager fee on the account, which can be as much as 0.50% although the customer still pays asset-based advisory account fees to UBS as well as underlying fund expenses, according to UBS’s fund management brochures. Jason Chandler, h...
As a firm providing wealth management services to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SEC-registered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer. Investment advisory services and brokerage services...
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Many people complain about the fees, but most of the bad reviews are of awful quality and should be ignored. Looking at the good reviews, it seems like people with private wealth management services are pretty satisfied with UBS’s services. Unfortunately, I have not found a good source of...
Source: UBS Wealth Management Underperformance However, hedge funds have underperformed the MSCI World Index and the S&P 500 since 2008 (chart below). The underperformance, plus high fees (they typically charge 2-and-20 like a private equity fund) and poor transparency have caused investors to so...
The Swiss banking group reported a slight fall in profit in the first quarter from a year earlier; net new fee-generating assets growth came in at an annualised rate of 5 per cent. UBS yesterday reported that its global wealth management pre-tax profit for the first three months of 2022...
UBShas begun a round of job cuts across divisions including wealth management as part of a restructuring plan designed to erase $1.0 billion in costs over the next three years, Bloomberg reported earlier this week. The reductions are taking place in the investment bank, wealth management unit an...
Yeah. Thank you for taking my questions. The first question is related to - first of all, thank you very much for the guidance on recurring fees in the Wealth Management business. Can you also comment on the NII, how you see the NII developing considering the lower rates? That's the ...
The investment aim of UBS asset management is to “deliver superior investment performance and client service.” Asset management differs from wealth management in that it can also describe managing collective investments (such as apension fund) in addition to overseeing individual assets. For this ...