Monetary advisers from the UBS Money Management Americas closely watched history week once the U.S. brokerage rolling out intends to offer a lot more of its own home loan and you will lending options and their merchandising brokerage force. Due to the fact mortgage sector has already spelled dilemmas having Wall surface Street (consider unpaid money, dangerous mortgaged-recognized securities), UBS is actually figuring your terrible is over. Really UBS advisers, searching for extra funds within the an aggressive business, welcomed the UBS push.
Now, below 20 percent away from FAs at the Americas department out-of the Swiss banking giant features customers which began the mortgages on UBS. You to definitely compares that have around sixty percent of advisors on UBS’ co-worker, companies such as Merrill and JP Morgan, according to inner UBS estimates verified by the brokerage so you’re able to Joined Agent. (UBS got 6,760 advisers as of .)
