UBS Group Stock Price, News & Analysis

UBS Wealth Management USA has welcomed a four-member team managing over $500 million in client assets in Sherman Oaks, California. The team, led by Managing Director Roshan Ghaznavi and Financial Advisor Matthew Seukunian, specializes in pre- and post-retirement financial needs. UBS continues to focus on attracting top advisors in the industry to enhance its services in the San Fernando Valley region. The new team brings valuable experience from Merrill Lynch and will strengthen UBS's client service capabilities.

UBS Private Wealth Management announced that Jeremy Keller, a Private Wealth Advisor in Las Vegas, has been ranked #1 in Nevada on the Forbes/SHOOK Top Next-Gen Wealth Advisors list for 2022. This recognition highlights Keller's dedication to personalized wealth management for high-net-worth clients, focusing on areas like estate planning and tax optimization. Keller's achievements also include being on the Forbes/SHOOK Research Best-in-State Wealth Advisors list for 2022. The ranking is based on a combination of qualitative and quantitative metrics, ensuring a rigorous selection process.

UBS has entered into a definitive agreement with iCapital for the acquisition of UBS Fund Advisor LLC, its proprietary US alternative investment management division, overseeing US$7 billion in client assets. This transfer allows iCapital to manage a variety of feeder funds, enhancing operational efficiency. UBS Financial Advisors will continue to support high-net-worth clients. The transaction aims to close in the second half of 2022, although financial terms were not disclosed. The partnership strengthens UBS's commitment to client service and streamlined operations.

UBS Investment Bank announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE: AMUB). The coupon valuation date is set for 08/15/22, with an ex-date of 08/25/22, and record date of 08/26/22. The payment date is 09/06/22, with a coupon amount of $0.2200, yielding an annualized return of 6.42%. Investors are advised to review the prospectus for further details regarding risks associated with the ETN investments.

UBS and The Fourth Floor have launched the Fourth Floor x UBS Fellowship Program to support 50 BIPOC-founded pre-seed and seed-stage startups, as well as 120 diverse board candidate fellows. This initiative aims to connect BIPOC founders with a network of vetted advisors, facilitating growth and funding opportunities. The program opens for applications from August 1 to September 1. Participants will benefit from dedicated programming, access to job boards, and resources aimed at enhancing board diversity.

UBS Private Wealth Management has announced the addition of Carolin Botzenhardt as a Private Wealth Advisor at its La Jolla branch office. With over 20 years of experience, she specializes in investment management and estate planning, serving high-net-worth clients with assets exceeding $100 million. Justin Frame, Managing Director, highlighted her dedication to client goals. John Mathews, Head of UBS Private Wealth Management, emphasized the firm's aim to deepen client relationships in Southern California.

UBS's latest Investor Sentiment survey reveals a decline in optimism among high-net-worth investors, reflecting concerns over inflation and the Ukraine conflict. The survey, conducted with over 2,800 investors, indicates that nearly 75% are wary of poor investment decisions and are prioritizing cash reserves. Conversely, business owner optimism has rebounded, with many planning to hire and invest. Regional sentiment varies, with U.S. optimism dropping to 39%, while Latin America remains stronger at 53%. Rising materials costs are leading nearly half of business owners to consider price increases.

UBS Private Wealth Management has welcomed back Stephen McCashin as a Private Wealth Advisor and Managing Director for the West Coast. McCashin, who has over 20 years of financial services experience, previously held a Regional Director position at J.P. Morgan. His return is expected to enhance UBS's offerings to high net worth clients, leveraging his deep understanding of the UBS business. The firm manages approximately $9.4 billion in client assets and has been recognized by Barron’s for its advisory services.