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.
UBS Private Wealth Management has welcomed a new team in San Francisco, comprising John “JT” Davenport, Angela Colombani, and Sean Livingston, who bring over 50 years of combined experience. They previously worked at J.P. Morgan Private Bank, managing $10.5 billion in client assets. The team, which also includes several associates, specializes in advising ultra-high-net-worth families, particularly in technology and healthcare sectors. UBS is optimistic about the team's integration, which aims to enhance client services and business growth in the region.
UBS Wealth Management USA announced that three financial advisors from South Florida have been recognized in Barron's Top 1,200 Financial Advisors list for 2021. Chris G. Garvin, Andrew James Plum, and J. Thomas Smith are celebrated for their expertise in wealth management. UBS emphasizes the importance of their dedication to affluent clients, with the advisors managing an average of $3 billion in client assets each. The average client holds $14 million to invest, demonstrating high retention rates and notable industry recognition.
UBS Private Wealth Management has announced that Thomas Mahoney, a Private Wealth Advisor in Los Angeles, has been recognized on the 2021 Forbes/SHOOK Research Best-in-State Wealth Advisors list. Mahoney, with over 34 years of experience, is praised for his expert financial advice and client relationships. The Forbes list comprises over 5,000 advisors managing more than $6 trillion in assets, selected based on various qualitative and quantitative metrics. UBS continues to be a leading global wealth manager, offering a wide range of financial services.
UBS Wealth Management USA has announced that two of its Financial Advisors from San Diego, Courtney Liddy and Kalyn Maher Walker, have been recognized in the Forbes/SHOOK Research Top Women Wealth Advisors list for 2021. Liddy ranked #59 out of 1,000 women advisors and has been acknowledged since 2019 for providing expert financial advice. Walker has also been listed since 2019, focusing on multigenerational wealth planning. This recognition reflects their dedication to client service and expert financial advisory.
UBS Investment Bank announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: AMUB). The coupon amount is set at $0.2083, with a current yield of 6.84% annualized. Key dates include the coupon valuation date on May 17, 2021, ex-date on May 27, 2021, record date on May 28, 2021, and payment date on June 8, 2021. Investors are reminded that ETNs carry risks, including potential loss of principal and are not guaranteed any distribution amounts.
UBS Private Wealth Management has welcomed Financial Advisors John Farrell and Joel East to its Fort Worth, Texas office. Previously with J.P. Morgan’s Private Bank, they manage $1.8 billion in client assets, focusing on ultra-high net worth individuals. Paige Hicks, Fort Worth Branch Manager, expressed enthusiasm for their addition, highlighting their client-centric approach. John has 10 years of experience in various roles, while Joel brings 15 years of expertise in investments and portfolio management. This strategic move aims to enhance UBS's offerings in a key market.
UBS Wealth Management USA announced that David J. Van Acker, a Financial Advisor in Westlake Village, California, has been recognized on the Forbes/SHOOK Research Best-in-State Wealth Advisors list for 2021 for the third consecutive year. This prestigious list includes over 5,000 advisors managing more than $6 trillion in client assets. Van Acker, a Certified Financial Planner™ and veteran of the financial services industry, has been a member of UBS’s Chairman’s Council for 29 years. His recognition underscores his commitment to providing clients with expert financial planning.
UBS Investment Bank has announced coupon payments for five ETRACS Exchange Traded Notes (ETNs), all listed on NYSE Arca. The ETNs include HDLB, SMHB, PFFL, CEFD, and MVRL, with coupon amounts ranging from $0.0908 to $0.2774. The current yields for these ETNs range from 7.79% to 12.24%. Coupon payments are set for May 21, 2021, based on valuations from April 30, 2021. Investors should be aware of inherent risks associated with ETNs, including principal loss risks and no guaranteed coupon payments. Details can be accessed through UBS's website and the SEC.
UBS's 'Own Your Worth' report reveals that 48% of women depend on their spouses for long-term financial decisions. The survey of 1,500 high-net-worth individuals indicates a significant gap in financial equality, with only 20% of couples making joint financial decisions. During the pandemic, traditional gender roles intensified, with 82% of women feeling unqualified to engage in financial discussions. Despite this, 94% of millennial men want their wives involved in financial planning, highlighting a potential shift in dynamics.
UBS Wealth Management USA has announced that Stephen W. Davis, a Managing Director and Financial Advisor, has been recognized on the Forbes/SHOOK Research Best-in-State Wealth Advisors list for the fourth consecutive year. With nearly 30 years of experience, Davis leads a team offering holistic wealth management advice. The current list features over 5,000 advisors managing more than $6 trillion in client assets, selected based on qualitative and quantitative criteria. UBS continues to leverage its global wealth management expertise across its network.