Top Wealth Management Firms
These 10 corporations generate significant profits
UBS generates kind of $three.5 billion in pre-tax take advantage of wealth control activities exceptional of excellent items for unauthorized buying and selling losses. This represents over 1/2 of overall pre-tax earnings for the corporation as a whole.
UBS is understood for its aggressive fee and headcount-cutting, but these initiatives are geared toward paring again investment banking and securities trading in order to place an increased awareness and emphasis on wealth management.
UBS has a huge footprint amongst wealth control clients within the Americas with approximately 1/2 of all its wealth control assets coming from customers inside the western hemisphere. Around 10 percent of its belongings come from Swiss clients and about 25 percentage are from different Europeans.