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 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.
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.
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