Are UBS Financial Advisors fiduciaries

(corrects seventh paragraph to show customers do not have to sign new contracts and that in accepting the exemption, customers acknowledge accounts have met necessary requirements) new york (reuters) – ubs group ag (ubsg.s) is changing the way it pays u.s. financial advisers on retirement accounts before a u.s. labor department rule goes into effect next week, and halting the sale of a small number of noncompliant products, a senior ubs wealth executive said in an interview. ubs was in the process of informing its nearly 7,000 advisers in the americas on thursday. “whatever decision he and the client make, it doesn’t impact his rate of pay.” ubs also will stop selling a “small list” of products that do not comply with the so-called fiduciary rule, such as exchange-traded notes it issues itself.




ubs will still receive the commissions, but because they no longer factor into pay, advisers will not have an incentive to repeatedly trade in retirement accounts for the sake of higher bonuses. the rule is intended to force advisers to put customers’ best interests ahead of profits. ubs is the last of the big four u.s. brokerages to detail plans for compliance with the controversial rule, whose fate has been in question. as it stands, implementation begins on june 9. ubs chose its approach to keep client disruption to a minimum and to make sure the it can adapt if the rule is delayed, changed or repealed, naratil said.

of ubs or the financial advisor in providing investment advisory or services, ubs does not act as a “fiduciary” under. ubs wealth management has offices and financial advisors in nearly every major u.s. city, as well as ubs group ag is changing the way it pays u.s. financial advisers on retirement accounts before a, ubs brokerage fees, ubs brokerage fees, ubs brokerage account, ubs wealth management, fiduciary. ubs will also notify clients in december year-end statements that the firm doesn\’t act as a fiduciary in brokerage retirement accounts or when recommending enrollment in an advisory program. the company will also \u201cclearly highlight firm and fa conflicts in brokerage,\u201d the memo says.

by brenna hughes neghaiwi and oliver hirt. zurich (reuters) – ubs is overhauling its flagship ubs will keep a key change in place pending the sec’s new regulation on advice. text size. the demise of the obama-era fiduciary rule has left each day to find news that helps financial advisors serve their clients better. while wirehouse advisors may have every intention of acting as a fiduciary and making decisions with their clients’ best, ubs account termination fee, ubs financial services, ubs private wealth management, ubs minimum

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