{"id":57757,"date":"2026-04-29T15:41:14","date_gmt":"2026-04-29T15:41:14","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/57757\/"},"modified":"2026-04-29T15:41:14","modified_gmt":"2026-04-29T15:41:14","slug":"ubs-sees-recovery-signs-in-us-wealth-as-inflows-return","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/57757\/","title":{"rendered":"UBS Sees Recovery Signs in US Wealth as Inflows Return"},"content":{"rendered":"\n

You can find original article here WealthManagement<\/a>. Subscribe to our free daily WealthManagement newsletters<\/a>.<\/p>\n

(Bloomberg) — UBS Group AG\u2019s wealth-management business in the Americas showed tentative signs of revival after a period of client fund outflows and departures by key staff.<\/p>\n

The business led by Robert Karofsky saw client inflows of $5.3 billion for the first three months of the year after three consecutive quarters of outflows. UBS has changed compensation for its financial advisers in the region and shifted strategy.<\/p>\n

Chief Financial Officer Todd Tuckner said they\u2019re encouraged by the outcome. \u201cIt tells me the strategy is working,\u201d he said in a call with analysts.<\/p>\n

UBS has long been vocal about the need to improve performance in its US wealth management unit. The region ranks alongside Switzerland as the biggest generator of revenue but expenses are far higher. The cost-to-income ratio improved to 86.3% last quarter.\u00a0<\/p>\n

Read More:\u00a0UBS Profit Beat Overshadowed by Worries Over US Wealth Outflows<\/a><\/p>\n

Tuckner said the bank\u2019s pre-tax profit margin had improved for six consecutive quarters, driven by the ability to offer clients a broader range of services from the rest of the UBS machine.\u00a0<\/p>\n

Yet UBS has flagged there could be further net new asset headwinds through the first half of the year and expects tax related outflows this quarter.<\/p>\n

Financial adviser attrition also continued last quarter, taking the number of advisers down to 5,722 at the end of March, but Tuckner said they had a \u201chealthy recruiting pipeline.\u201d The Swiss bank recently raised the payouts and benefits that they get in an attempt to retain and hire more staff in the region.<\/p>\n

In March UBS received a green light for a full-blown US bank license in a boost to its ambitions in the region. Chairman Colm Kelleher has said UBS may eventually look to buy another US wealth management firm, once the Credit Suisse integration is complete.<\/p>\n","protected":false},"excerpt":{"rendered":"You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) — UBS Group…\n","protected":false},"author":2,"featured_media":57758,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[32119,32118,32116,223,880,245,32117],"class_list":{"0":"post-57757","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ubs","8":"tag-consecutive-quarters","9":"tag-robert-karofsky","10":"tag-todd-tuckner","11":"tag-ubs","12":"tag-ubs-group-ag","13":"tag-wealth-management","14":"tag-wealthmanagement"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116488757877846257","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/57757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=57757"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/57757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/57758"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=57757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=57757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=57757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}