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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.
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%.
UBS Private Wealth Management has welcomed a new team in South Florida, managing over $1.8 billion in assets. The trio, including Financial Advisors Doris Neyra and Melissa Van Putten-Henderson, aims to leverage UBS's global offerings to meet the complex needs of clients. The team, based in the Miami office, will work under Karl Ruppert, the South Florida Complex Director. Neyra brings over two decades of experience, while Van Putten-Henderson specializes in tax-efficient portfolios.
UBS Investment Bank has announced coupon payments for 12 ETRACS Exchange Traded Notes (ETNs) listed on NYSE Arca. The payments are set for various dates between April 13 and April 21, 2021. Significant coupon amounts include $1.1368 for BDCX and $0.9971 for MVRL, with current yields ranging up to 23.60% for MVRL. Notably, the Current Yield is not indicative of future payments, and investors are not guaranteed any coupon amounts. The coupon payment schedule varies, with some ETNs offering monthly payments.
UBS Wealth Management USA celebrates the achievement of five Financial Advisors from its Greater New England Market, who have been recognized on the Forbes/SHOOK Research Top Women Wealth Advisors list for 2021. This prestigious list highlights the top 1,000 women advisors across the United States, emphasizing client service and compliance standards. Jim Ducey, Greater New England Market Head, praised the advisors for their commitment and value in the financial industry. Each advisor brings decades of experience, contributing to UBS's reputation as a leading wealth management firm.
UBS Private Wealth Management has recognized two advisors, Andrea Bevis and Teresa Jacobsen, for their achievements by naming them to the Forbes/SHOOK Research Top Women Wealth Advisors list for 2021. Andrea joined UBS in 2015 and has been acknowledged as a leading advisor. Meanwhile, Teresa, with over 25 years in the financial industry, has received multiple accolades including Barron's Hall of Fame recognition. Their selection highlights UBS's commitment to excellence in financial advice.
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