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 AG announced the Call Settlement Amount for the ETRACS ETN Linked to the Wells Fargo Business Development Company Index, set at $15.2282. This security is scheduled for mandatory redemption on November 27, 2020. The ETN is part of UBS's Medium Term Notes, Series A, and investors are advised to review the prospectus for detailed terms. UBS has filed a registration statement with the SEC for offering exchange-traded securities. Caution is advised due to risks associated with the investment, including the creditworthiness of UBS AG.
UBS Global Wealth Management has launched the Athletes and Entertainers Strategic Client Segment to provide specialized financial advice to clients in sports and entertainment. Led by former professional football player Adewale Ogunleye, the team aims to combat financial mismanagement among athletes and entertainers. The initiative will enhance collaboration with UBS Financial Advisors, focusing on financial literacy and wealth management. UBS emphasizes its adaptability to meet client needs in today's financial landscape, aiming to help clients build generational wealth.
UBS AG has announced the Call Settlement Amount of $85.6837 for its ETRACS Monthly Pay 2xLeveraged S&P Dividend ETN (ticker: SDYL), which is due on May 22, 2042. This amount will be paid to investors on the Call Settlement Date of November 23, 2020. The ETN is part of UBS's Medium Term Notes, Series A. Investors are advised to consult the prospectus and pricing supplements before investing, as they contain essential information pertaining to the risks associated with the securities.
UBS has announced that Sharon Alleman, a Financial Advisor at its Hartford, Connecticut office, has been recognized on the Working Mother and SHOOK Research's Top Wealth Advisor Moms list for 2020. Alleman has been with UBS since 2011, having previously worked with Morgan Stanley. The recognition highlights her dedication to both clients and family, as stated by William A. Cholawa, Market Head at UBS Wealth Management USA. The ranking considers both qualitative and quantitative metrics, including assets under management and revenue generated.
UBS has announced that Paul D'Aiutolo, a Financial Advisor in Hartford, CT, has been recognized in the Financial Times 401 Top Retirement Plan Advisors list for 2020. D'Aiutolo leads a team managing retirement plans for 35,000 participants across several states, focusing on fiduciary services and employee education. His leadership in the National Association of Plan Advisors and his qualifications, including CRPS® and AIF®, bolster his expertise in retirement security. This accolade highlights UBS's commitment to excellence in wealth management.
UBS has announced that Melissa Mirabile, a Financial Advisor in Hartford, Connecticut, has been recognized on Working Mother and SHOOK Research’s Top Wealth Advisor Moms list for 2020. This marks her third year receiving this honor and her first appearance on the Forbes/SHOOK Top Women Advisors list. With 27 years of experience, Mirabile focuses on wealth management strategies and risk management for high net worth clients. The rankings consider qualitative and quantitative measures, including assets under management and revenue generated.
UBS Wealth Management USA celebrates Stephen W. Davis's inclusion in the 2020 Forbes/SHOOK Best-In-State Wealth Advisors list, marking his third consecutive year on the list. With over 27 years of experience, Stephen leads The Davis Group, which focuses on holistic wealth management for diverse clients. The Forbes/SHOOK list evaluates over 4,000 advisors through rigorous criteria, including interviews and revenue performance. The recognition highlights Stephen's commitment to excellent client service, as noted by Branch Manager Louis G. Skertich.
UBS has announced that Greg Mendoza, a Financial Advisor from its Hartford, Connecticut office, has been recognized in the Financial Times 401 Top Retirement Plan Advisors list for 2020. With 20 years of experience, Mendoza specializes in wealth management and retirement plan advisory services. He leads the Integrated Wealth Management Group and has been previously recognized as a top advisor multiple times. This honor reflects his commitment and expertise in serving clients effectively.
UBS Investment Bank has announced coupon payments for seven ETRACS Exchange Traded Notes (ETNs) traded on NYSE Arca, with the upcoming payment dates set for November 20, 2020. The ETNs include SDYL, LMLB, HDLB, SMHB, PFFL, CEFD, and MVRL, each offering varied monthly coupon amounts and current yields, ranging from 6.39% to 17.56%. Notably, these yields are not indicative of future payments, as they depend on underlying asset distributions, which may vary. Investors are advised to review the prospectus for detailed information regarding these ETNs.
UBS AG has announced the redemption of all outstanding securities for two ETNs: BDCY and LMLB. Redemption notices will be sent to the holders, with the Call Settlement Date set for December 10, 2020. UBS has also suspended future sales from inventory for these securities, waiving the minimum redemption size requirement. The market value of these ETNs may be affected, potentially leading to trading at a premium. Investors are advised to consider the intraday indicative value before buying or selling. UBS has filed a Registration Statement with the SEC for these securities.
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