UBS Wealth Management Americas reported net asset outflows of $11.2 billion in the fourth quarter as the division struggles to regain its footing in the competitive U.S. market.
UBS [UBS] blamed the outflows on advisors leaving the firm and taking clients with them, as well as limited recruiting of experienced advisors.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access