SWX:UBSGCapital Markets
UBS Advisor Exits Test Wealth Franchise Strength And Valuation Appeal
Two veteran UBS Group advisors overseeing about $2.4b in client assets have left the firm’s U.S. brokerage unit.
They have launched Evertern Wealth, an independent advisory firm focused on high net worth clients.
The departures highlight ongoing movement of experienced advisers from large banks toward independent platforms.
For investors following UBS Group (SWX:UBSG), this shift comes as the stock trades around CHF32.4, with a 7 day return of 2.7% and a 30 day return of 9.4%. Over longer...