Welcome to our dedicated page for UBS Group news (Ticker: UBS), a resource for investors and traders seeking the latest updates and insights on UBS Group stock.
UBS Group AG reports news on a global financial institution built around wealth management, Swiss universal banking, asset management and focused investment banking capabilities. Recurring updates include financial results, client activity, capital ratios, dividend and share-repurchase actions, and regulatory capital developments affecting the group’s balance sheet and capital planning.
Company news also covers UBS Wealth Management hiring, market leadership appointments, advisor-team recognition and regional office activity in the United States. Other recurring themes include governance matters, integration work following the Credit Suisse acquisition, and disclosures tied to UBS Group shares listed on the SIX Swiss Exchange and the New York Stock Exchange.
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UBS has partnered with PlayersTV to launch new sports programming featuring elite athletes sharing insights on entrepreneurship and financial literacy. The series Long Game premieres on September 13 with 8 episodes showcasing sports icons like Damian Lillard and Ken Griffey Jr. Additionally, the second season of Front Office will start on October 25, highlighting athlete-investors like Mookie Betts and Dwyane Wade. This collaboration aims to enhance financial education among viewers while promoting wealth management strategies.
UBS has decided to purchase a USD 69.7 million note convertible into Wealthfront shares following the mutual termination of their merger agreement, which was originally announced on 26 January 2022. This transaction aligns with UBS's commitment to expanding its growth initiatives in the US and enhancing its digital wealth management services.
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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.
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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.