Sunday, 22nd November 2009

 

5 November 2009 - Press Briefing

UBS plans staggered broker payouts at US wealth unit

UBS’ US wealth management arm intends to spread commission payments on managed accounts to financial advisers over an entire quarter, instead of giving brokers their payouts in one lump sum, according to a report in The Wall Street Journal.

The policy, effective in January, will be applicable to all advisory fees processed via the managed account billing process - including initial billing and quarterly fees, an internal memo sent by Jamie Price, head of UBS Wealth Management Advisor Group Americas, showed.

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