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 (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.
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.
UBS Wealth Management has appointed Ryan Lurie, APMA™, to lead its Arizona offices. Based in Scottsdale, Lurie will oversee financial advisors and support staff in Phoenix and Scottsdale, reporting to Justin Frame, UBS Market Executive for the Pacific Desert market. His responsibilities include expanding business activities, recruiting advisors, and coaching team members while managing client accounts. Lurie joins UBS after serving as Managing Director at Ameriprise in Phoenix for nearly seven years. He holds various securities licenses and is FINRA-registered in Arizona, California, and 21 other states.
UBS has announced the hiring of Financial Advisor Anibal Drelichman in Washington, D.C., joining the UBS Philadelphia D.C. Wealth Management Market. Drelichman brings nearly three decades of industry experience, previously working at RBC Wealth Management. He specializes in comprehensive wealth planning and investment management services for individuals, business owners, nonprofits, corporations, and credit unions. With a law degree from American University and experience practicing law, Drelichman will work alongside Client Service Associate Fatema Sarker under Market Executive Julie Fox and Market Director Brendan Graham.
UBS AG has released its third-quarter 2024 financial report and Pillar 3 report. The financial results were initially reported on a consolidated basis by UBS Group AG on 30 October 2024. Both reports are accessible on the UBS website.
UBS Wealth Management USA has announced the appointment of Denise Meulebrouck as Financial Advisor in Birmingham, Michigan. With over 27 years of wealth management experience, Meulebrouck joins the BLS Meulebrouck Wealth Management Group at UBS, a 12-person advisor team. She specializes in creating customized financial strategies for retirees, divorcees, and widowers, as well as managing corporate retirement plans. Previously at Merrill since 1997, she holds CDFA®, CRPC™, and C(k)P® designations, and brings expertise in treasury analysis from her time at Lear
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