UBS Group Stock Price, News & Analysis

UBS Wealth Management USA announced the addition of Financial Advisors Micah Roberge and Shaun Hawkins to its Portland, Maine office, managing $400 million in client assets. Micah Roberge, with 18 years of experience, has a strong background in retirement planning, while Shaun Hawkins brings 21 years of experience focused on high-net-worth clients. Their recruitment aligns with UBS's strategic goal of enhancing client services through experienced advisors, according to Jad Dieterle, Northern New England Complex Director.

UBS Private Wealth Management has welcomed Ron Pillar as a Financial Advisor in South Florida, joining the Integra Partners team.

With over 30 years of investment banking experience, Pillar will focus on advising ultra-high-net-worth individuals and business owners in the technology, media, and telecommunications (TMT) sector. His expertise is expected to benefit both new and existing clients in the region, as demand for financial advice in this sector increases.

UBS Wealth Management USA announced that two of its Financial Advisors, Max Pecker and Sean Dillon, from Boston, MA, were recognized in the Forbes/SHOOK Research Top 250 Wealth Advisors list for 2021. Pecker, with over 25 years of experience, holds the Private Wealth Advisor designation, while Dillon has been acknowledged for his 30-year commitment to clients. This recognition underscores their dedication to exceptional client service within the wealth management industry.

UBS Wealth Management USA announced the addition of a four-person advisor team in Santa Barbara, California. Led by Mark Brenner, CIMC®, the team includes Kip Paulson, CFA®, Shawn Hill, CFP®, and Nathan Cha. They will serve high-net-worth clients focusing on holistic wealth management. This expansion aims to strengthen UBS's presence in the Santa Barbara market. Brenner brings over 30 years of experience, while Paulson has 18 years, including roles in equity research. Hill and Cha also offer extensive client service expertise.

UBS Investment Bank announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: AMUB). Key dates include:

• Coupon Valuation Date: 08/16/2021
• Ex-Date: 08/26/2021
• Record Date: 08/27/2021
• Payment Date: 09/07/2021

The coupon amount is $0.1990 per ETN, with an annualized yield of 7.01%.

UBS Investment Bank has announced coupon payments for five ETRACS Exchange Traded Notes (ETNs) traded on NYSE Arca. The ETNs include:

• HDLB: $0.1724 coupon, 10.29% annual yield
• SMHB: $0.0929 coupon, 13.23% annual yield
• PFFL: $0.1543 coupon, 9.49% annual yield
• CEFD: $0.2585 coupon, 10.25% annual yield
• MVRL: $0.3064 coupon, 13.03% annual yield

These coupons are variable and linked to cash distributions, with payments scheduled monthly.

UBS AG has successfully completed the succession process for two exchange-traded notes (ETNs), transitioning from the original underlying index to the MVIS US Business Development Companies Index. Effective July 30, 2021, the ETNs have been renamed to reflect the change. The adjusted Initial Index Level for BDCZ ETN is 692.808593, while the Last Reset Index Closing Level for BDCX ETN is 536.663. UBS confirmed that the modification will not incur US federal income tax consequences for ETN holders. The ETRACS ETNs are traded on NYSE Arca and carry inherent risks.

UBS, Envestnet, and iCapital Network announced a strategic relationship to provide access to curated alternative investment products via Envestnet's platform. This initiative includes the launch of the Alternatives Exchange, leveraging iCapital's technology for streamlined access. Envestnet's portfolio consulting group will oversee the initiative, aiming to enhance financial services for high-net-worth clients. UBS is creating a dedicated group to support these efforts, emphasizing the growing importance of alternative investments in diversified portfolios.