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 has welcomed the Dawson Wealth Management Group to its San Diego branch. Led by Edward Dawson, the team includes experienced advisors and associates dedicated to developing tailored financial strategies. Edward Dawson, with over 30 years in the financial sector, aims to support high-net-worth clients. New team members include Kyle Dawson, Adrianne Hoy, Patty Bribiesca, and Katherine Tawoda, each bringing a wealth of expertise to UBS. This addition highlights UBS's commitment to enhancing client services and financial planning.
UBS Wealth Management USA announced that David Schachter, a Financial Advisor in West Los Angeles, has been recognized in the Forbes/SHOOK Research Best-in-State Wealth Advisors list for 2021. David leads the Endurance Artist Management team, focusing on financial guidance for clients in the entertainment industry. His dedication to tax-efficient investing and wealth transfer has been instrumental to his clients' success. The Forbes list includes over 5,000 advisors managing more than $6 trillion in assets, selected via rigorous quantitative and qualitative measures.
UBS Private Wealth Management has recognized John C. Castronuovo and Robert E. DeForest as members of the Forbes/SHOOK Research Best-In-State Wealth Advisors list for 2021, marking their third consecutive year on the list. The selection process included over 5,000 advisors managing more than $6 trillion in assets and was based on various qualitative and quantitative metrics. Both advisors are noted for their significant client impacts and are members of UBS's elite President’s Council.
UBS Private Wealth Management announced that Christopher Black, a Private Wealth Advisor in Houston, has been included in Forbes/SHOOK Research Best-in-State Wealth Advisors list for 2021. His expertise spans portfolio management, estate planning, and family advisory. Thomas Stacy, Texas Market Head at UBS, expressed pride in Black's achievement, reflecting his commitment to clients. This year’s list includes over 5,000 advisors managing more than $6 trillion in assets, with selections based on a blend of qualitative and quantitative metrics, including interviews and compliance records.
UBS Investment Bank has announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: AMUB). The coupon amount is set at $0.1961, with a current yield of 7.85% (annualized). The Valuation Date is 02/16/21, and the Payment Date is scheduled for 03/09/21. Investors are reminded of the risks, including the potential loss of principal.
UBS has partnered with the Southern Intercollegiate Athletic Conference (SIAC) to enhance financial literacy among students at its 14 member institutions. The initiative includes a financial wellness curriculum and access to UBS’s recruitment and development programs, such as the Tomorrow’s Talent Program. UBS aims to empower students with essential skills for career success in financial services, ultimately promoting generational wealth. This collaboration seeks to support diverse students through workshops provided by EVERFI, emphasizing long-term professional development.
UBS Wealth Management USA has announced that nine Financial Advisors and two Private Wealth Advisors in the San Diego Market have been recognized in the Forbes/SHOOK Research Best-In-State Wealth Advisors list for 2021. This prestigious list includes over 5,000 advisors managing more than $6 trillion in client assets. Selection criteria include a mix of qualitative and quantitative measures, such as interviews and compliance records. Chris Marsh, San Diego Market Head, commended the advisors for their hard work and commitment to providing strategic client advice.
UBS Wealth Management USA appointed Emily Frenzel as Complex Director of the Suburban Philadelphia Complex, overseeing Newtown and Conshohocken offices. With nearly 15 years at UBS, she previously managed the Newtown office, enhancing wealth management delivery.
Ted Durkin praised her energy and talent, emphasizing her commitment to improving client and employee experiences. Emily, a 2019 Diversity Award winner, advocates for inclusivity and diversity. Brett Hina, former Conshohocken Branch Manager, is focusing on his wealth management practice in New Jersey.
UBS is supporting the Goalsetter Foundation's initiative to improve financial literacy among Black and Latinx youth by sponsoring 2,000 students for five years. This campaign, which started on February 1, aims to draft one million children into financial education to help reduce the racial wealth gap. The Goalsetter platform combines pop-culture with financial education, significantly impacting the financial futures of participating youth. UBS’s commitment reinforces its long-standing focus on empowering underrepresented communities.
UBS Private Wealth Management in Los Angeles has welcomed a new team, “The Legacy Multi-Family Group,” consisting of seven members, led by Patrick Schaffer and Ryan Bristol. This group brings over 40 years of combined experience and previously managed a successful USD 6.5 billion business at J.P. Morgan Private Bank. The team aims to enhance UBS's service offerings to high-net-worth families and individuals. The addition boosts UBS's presence in Los Angeles, reflecting its commitment to growth in wealth management.
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