UBS To Make Changes To Account-Size Threshold

May 9th, 2022, 10:22 AM

financial advisor transitions, ubs, account

UBS Wealth Management USA announced it is increasing its account-size threshold. The change is expected to take effect on June 30, amid UBS's goal of pursuing self-directed digital platform clients.

According to AdvisorHub, the account-size threshold will change from $100,000 to $250,000 in order for advisors to receive full pay for referring smaller accounts to the wirehouse's existing digital platform, "Wealth Advice Center", a call-center based service model for mass affluent clients.

UBS also will implement its decision to cut payouts on accounts advisors themselves managed below $250,000–also an increase from $100,000, according to UBS's 2022 compensation plan.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

UBS To Make Changes To Account-Size Threshold

May 9th, 2022, 10:22 AM

UBS Wealth Management USA announced it is increasing its account-size threshold. The change is expected to take effect on June 30, amid UBS's goal of pursuing self-directed digital platform clients.

UBS also will implement its decision to cut payouts on accounts advisors themselves managed below $250,000–also an increase from $100,000, according to UBS's 2022 compensation plan.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.