UBS Wealth Management Americas (WMA) crossed the threshold in the first quarter with a string of new records: pretax profit of $251 million, net new money of $9.2 billion, and invested assets of $891 billion.
Wealthy Americans are on edge, worried about their investments as Washington drags its heels on a permanent deal to avoid a fiscal-cliff type disaster. So not surprisingly, the economy and the politics of wealth are among this year’s Top 10 trends to watch, according to a new report by the Aite Group. On the plus side: advances in trading and technology.
As Hurricane Sandy brutally pounded the North East coast of America, fears of another Facebook or Flash Crash-style technology disaster played heavily on the decision to shut down US stock exchanges...
UBS Wealth Management Americas (WMA) expanded its advisor force by 48 to 7,015 financial advisors in the last quarter as the brokerage unit of the Swiss banking giant posted both record pre-tax profit and invested assets. In first-quarter earnings released today, UBS WMA reported a pre-tax profit of $209 million -- up 34 percent from $156 million in the fourth quarter, and an increase of 75 percent from $119 million a year ago. It had invested assets of $807 billion, up seven percent from $756 billion in the fourth quarter of 2011.
A management shakeup by CEO Bob McCann at the Americas brokerage unit of Swiss bank UBS AG will see two of his top executives assume more direct responsibility over its financial advisors, according to people familiar with the changes.
Investors tend to look at portfolio risk in terms of geographic exposure or asset classes—but that's not always an accurate gauge. Taking a broader view of risk assessment can provide a better sense of how the portfolio will perform in volatile markets....More
When practitioners meet with clients who are near death, they're tasked with making valuable contributions to the client's estate plan within a limited time frame. Using a 20-point checklist, our speakers will outline how eleventh hour planning may help clients achieve favorable outcomes for their beneficiaries and avoid missing valuable opportunities....More
You'll discover the ways ETFs allow you to construct more nimble and unique portfolios for your clients, based on a sector approach to the market. Marc Chaikin, creator of Chaikin Money Flow, demonstrates how to find trends in equity sectors—and use ETFs to construct strong client portfolios....More
This complimentary webinar will explore the National Association of Estate Planners & Councils model for collaboration, as articulated in a recently released white paper, "High Performance Teaming and Professional Collaboration", and the 5 critical best practices our speakers have observed in teams who collaborate most effectively....More