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UBS Group AG (symbol: UBS) is a multinational investment bank and financial services company based in Switzerland, with co-headquarters in Zürich and Basel. As the largest Swiss banking institution and the world's largest private bank, UBS maintains a robust presence in major financial centers globally.
The company excels in global wealth management, focusing on high and ultra-high-net-worth individuals. Its Swiss operations include traditional retail and commercial banking. UBS also leverages its investment bank and asset management arms to support its wealth management services, providing comprehensive solutions to third-party clients.
UBS's recent achievements include substantial investments in innovative technology ventures. Notably, UBS Next, the group's venture and innovation unit, recently invested in Synthesized Ltd, a data generation and provisioning platform. This partnership aims to enhance data management and security using advanced machine learning and automation technologies.
UBS's diversified offerings and strategic partnerships ensure cutting-edge services, catering to a broad clientele ranging from private individuals to large corporate entities. As of the fourth quarter of 2023, UBS manages an impressive USD 5.7 trillion in invested assets, further solidifying its status as a global financial powerhouse.
UBS shares are publicly traded on the SIX Swiss Exchange and the New York Stock Exchange (NYSE), reflecting the company's significant role in the international financial market.
Due to the information provided in the press release fragment, I can only summarize that UBS has announced a collaboration with Engle Volatility Consulting , led by Nobel Laureate Dr. Robert F. Engle, to develop a methodology for volatility-controlled indices. The initiative aims to create rules-based systematic investment strategies for enhanced exposure to various underlying assets.
UBS Wealth Management US announced that their advisor team Montage Financial Group has been ranked #34 on the Forbes America's Top Wealth Management Teams Private Wealth list for 2024. The team, led by Private Wealth Advisors Jonathan Beukelman, Michael Chudd, Mark Geist, Jeremy Keller and Jeff Nemechek, operates across Denver, Las Vegas, and Lincoln.
The team specializes in guiding ultra-high net worth and high net worth clients through complex wealth challenges, focusing on accounts with $10 million or higher. This recognition is part of Forbes' third annual ranking, which features 100 teams managing cumulative assets of nearly $1.2 trillion. The ranking was compiled by SHOOK Research using both quantitative and qualitative data, including interviews.
UBS Wealth Management USA has announced a significant organizational restructuring, transitioning from two national divisions to four regions. As part of this change, Julie Fox has been appointed Regional Director for the Southeast region, overseeing four newly appointed Market Executives:
- Brendan Graham (Mid-Atlantic Market)
- Jake Shine (South Atlantic Market)
- Greg Achten (South Market)
- Lane Strumlauf (Florida Market)
The Southeast Region includes major wealth centers such as Philadelphia, Washington D.C., Charlotte, Charleston, Nashville, Miami, Palm Beach, Naples, and Tampa. The reorganization aims to enhance decision-making speed and client responsiveness. UBS plans to open new office space in Washington, D.C. in May 2025, demonstrating its commitment to growing market share in key wealth centers.
UBS Private Wealth Management has announced that Michael Rubenstein is joining The Matina Group at UBS in Naples, Florida. Rubenstein, who brings over 15 years of experience in legal and wealth management industries, will focus on business development, relationship management, trust, estate and financial planning, and investment management.
The Matina Group, a thirteen-person multigenerational team with offices in Naples, Short Hills, and New York City, has been serving clients across the U.S. for over two decades. Rubenstein previously worked as a senior fiduciary advisor for a bank trust company and holds multiple credentials including JD, MBA, LL.M, and CTFA. He is licensed to practice law in Florida and New Jersey.
A Southwest Florida native, Rubenstein graduated cum laude from Vanderbilt University and holds advanced degrees from the University of Miami and Villanova University. He is actively involved in the community, serving on various boards including the Jewish Federation of Greater Naples and the Starabilty Foundation.
UBS Wealth Management USA announced that The Schultz Group has been named to the Forbes/SHOOK America's Top Wealth Management Teams, High Net Worth list for 2024 for the second consecutive year. The Phoenix-based team, which ranked #1 in Arizona on the Forbes Best-in-State Wealth Management Teams list in 2023, is led by Steven L. Schultz, along with Stockton M. Schultz and Justin M. Low.
The team is part of the Forbes/SHOOK Top 100 teams that collectively manage over $490 billion in assets, focusing on households with accounts under $10 million. The team includes experienced professionals with multiple industry recognitions and specializes in investment management, education funding, and charitable giving structures.
UBS announced that three financial advisor teams - Wickham Cash Partners, LongBernsteinGunderson Wealth Management, and The Capital ESOP Group - have been named to the Forbes America's Top Wealth Management Teams Private Wealth list for 2024. These teams, part of UBS's Philadelphia D.C. Wealth Management Market, collectively serve ultra-high net worth and high net worth clients.
Wickham Cash Partners, based in Charlotte, brings over 225 years of collective industry experience. LongBernsteinGunderson maintains offices in Philadelphia, New York City, and Dallas, while The Capital ESOP Group operates from Washington, D.C., specializing in Employee Stock Ownership Plan transactions. The Forbes ranking includes 100 teams managing over $490 billion in assets, based on qualitative and quantitative criteria including interviews, compliance records, and revenue generation.
UBS Wealth Management has announced the addition of Jose Garcia as a Financial Advisor in their Miami office. Garcia joins the VPHN Wealth Partners team, led by Private Wealth Advisors Melissa Van Putten-Henderson and Doris Neyra. Previously at Wells Fargo Private Bank, Garcia managed over $500 million in client assets. He brings extensive experience from both Wells Fargo and BNY, specializing in high net worth and ultra-high net worth client services. Garcia holds a finance degree from Florida International University and an MBA from the University of Florida.
UBS Private Wealth Management announced that the AMD Wealth Partners team has joined their Miami office. The team, led by Financial Advisors Ary Velasco, Michael von Borsig, and David Cardenas, previously managed over $1.4 billion in client assets. The team brings nearly 80 years of combined experience in providing wealth management services to ultra-high-net-worth clients. Velasco brings four decades of experience, von Borsig has two decades of expertise with CFA and CAIA designations, and Cardenas contributes nearly a decade of experience in serving high-net-worth clients.
UBS Investment Bank has announced quarterly coupon payments for its ETRACS Alerian MLP Index ETN Series B (AMUB), traded on NYSE Arca. The ETN will pay a coupon amount of $0.2849 with a current annualized yield of 6.10%. The coupon valuation date is set for November 15, 2024, with an ex-date and record date of November 29, 2024, and a payment date of December 9, 2024.
UBS Wealth Management has announced the appointment of Jason L. Zachter as Managing Director and Financial Advisor in their Manhattan office. Zachter, who joins from Morgan Stanley, brings over a decade of experience in wealth management and will be based at the firm's 1285 Avenue of the Americas office. He specializes in serving business owners, attorneys, corporate executives, and financial professionals with a focus on goal-based wealth management strategies including retirement planning, risk management, and legacy building. Zachter holds an MBA in Finance from Baruch College and will report to Market Director Neal Cooper.
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