UBS Group Stock Price, News & Analysis

UBS Wealth Management USA is expanding its zero fee Separately Managed Accounts (SMA) offerings to include model portfolios from leading asset managers like BlackRock and J.P. Morgan, effective May 5. This initiative follows UBS's earlier introduction of a no additional investment manager fee structure in 2020. Clients will access eight model portfolio suites through the WM USA ACCESS platform, enhancing choice and customization for financial advisors. Vestmark Advisory Solutions will manage model implementation, further strengthening UBS's competitive position in the market.

UBS Wealth Management USA has welcomed a seven-person team managing $2 billion in client assets in Newport Beach, California. The team, led by Financial Advisors Tom Nieto and Fred Grand Jr., specializes in high-net-worth individuals, families, entrepreneurs, and institutions. This addition is expected to enhance UBS's ability to guide clients in growing their wealth across generations. UBS's global wealth management services offer integrated solutions, ensuring clients receive comprehensive financial advice and solutions tailored to their needs.

UBS Wealth Management USA announces that Frank J. Coiro, a Financial Advisor in New York City, has been named to the Forbes/SHOOK Research Best-in-State Wealth Advisors list for 2021, marking his fourth consecutive year on the list. Frank provides wealth advice to high-net-worth individuals and institutions, drawing on over 30 years of experience. This year's list features over 5,000 advisors managing more than $6 trillion in client assets, selected based on various performance metrics.

UBS Private Wealth Management has announced that Michael Matthews, a Financial Advisor and Senior Portfolio Manager, has been ranked the #1 advisor in Washington State on the Forbes/SHOOK Research Best-in-State Wealth Advisors list for 2021. This marks the fourth consecutive year Matthews has made the list, being ranked first for two years. With over 30 years of experience, he offers customized financial advice to various clients, leveraging UBS's global resources. The Forbes list includes over 5,000 Advisors managing more than $6 trillion in assets.

Wells Fargo Securities LLC has announced the termination of the Wells Fargo® Business Development Company Index after July 30, 2021. The index will be replaced by the MVIS US Business Development Companies Index, approved as the successor index for the two ETRACS ETNs linked to the Original Index. Adjustments to the ETNs will occur on the Effective Date, ensuring tax neutrality for holders regarding US federal income tax. The Wells Fargo Index measures the performance of Business Development Companies listed on major stock exchanges and regulated under the Investment Company Act of 1940.

UBS Private Wealth Management has expanded its Kenwood, Ohio office by welcoming Allen Zaring and Tim Bayer from J.P. Morgan Private Bank to the Families & Foundations Investment Group. This new team aims to provide comprehensive wealth management solutions to multigenerational families and institutions. Their services include family office formation, liquidity planning, investment management, and philanthropic financing.

Jon Ramey and Michael Gatewood emphasized the significance of this addition for enhancing client service through specialized investment management approaches.

UBS Private Wealth Management has welcomed a six-person team that manages $5 billion in assets to its South Florida market. The team, led by Financial Advisors Brian Beraha and Vicente del Rio, includes experts in wealth planning, investment management, and client services. They previously built a successful business at J.P. Morgan Private Bank, focusing on ultra-high-net-worth families. This addition aims to enhance UBS's competitive edge in attracting wealthy clients in Miami, a market known for its influx of affluent families.

UBS has announced that Financial Advisor Matthew Megorden has been recognized for the second time on Barron’s Top 1,200 Financial Advisors list for 2021. Megorden, based in Hawaii, specializes in high-net-worth entrepreneurs and executives in the technology sector. He has been with UBS since 2009 and is noted for his commitment to clients, family, and community. The advisory teams on the list manage an average of $3 billion in client assets, serving about 750 households with a retention rate of 98.4%.