Answers
I think I can land one of these stints but I was wondering what the starting salary would be? Does anyone know?
Really? That can't be right? I am sure they have a bas pay.
Most financial advisor jobs are 1099 - no base pay
you earn what you are worth
Grant Rasmussen, President and CEO, UBS Bank (Canada) and Head of Wealth Management for UBS in Canada talks about what kind of person makes a ...
I have taken the screening tests at UBS and I have been to an interview. I am still waiting on a call back. I know someone who works there and they said that they typically match the salary that you are making now. She said that she has seen it matched fairly high (more than 60K). After you earn your licenses, you go through a series of stepdowns in base salary until you are straight commision. I hope this helps! :)
Ex-UBS AG Executive to Settle ARS Insider Trading Allegations Made ...
As part of a deal to settle ARS insider trading allegations by New York Attorney General Attorney Cuomo, former UBS AG executive David Shulman has agreed to pay $2.75 million. Shulman is accused of finding out through nonpublic, material information that the investment bank’s student loan auction rate securities program was in trouble and that there was a possibility that future auctions involving the student ARS would fail. Yet he allegedly violated New York securities regulations when he proceeded to sell more ARS.
On December 13, 2007, two days after finding out about the ARS risks, Shulman, who supervised the ARS trading desk, sold $1.45 million in personal holdings of student loan ARS to the desk. He was suspended in July 2008.
...News
General Growth Ignored Buyout Bids Since August, Simon SaysBusinessWeek - Feb 25, 2010
ReutersSimon's allegations come amid objections to General Growth's bid to pay $50 million in fees to two financial advisers, one of which has improper incentives, General Growth Properties Announces $2.625 Billion Proposed Equity Commitment all 418 news articles »
Telegraph.co.uk - Feb 25, 2010
George Magnus, the highly respected senior economic adviser to UBS, said that a premature move would provoke a Fiscal Tightening Could Sink Pound, UBS Cautionsall 9 news articles »
Wall Street Journal - Feb 25, 2010
But in a sign of the tidal wave unleashed by Citigroup, Morgan Stanley and Merrill, UBS AG offered retention-like awards in December to many of its brokers and more »Seeking Alpha (blog) - Feb 10, 2010
Financial TimesRevenues increased and expenses other than direct financial advisor compensation fell. Revenues did include a non-recurring gain of 35 million Swiss francs UBS Watches Wealthy Clients Walk as Swiss Secrecy WobblesUBS still losing U.S. wealth management clients, advisersall 433 news articles »
Wealth Briefing (subscription) - Feb 25, 2010
The recent actions by the US Justice Department and the IRS against UBS highlight the increasing pressure on the so-called offshore banking model.MarketWatch - Feb 10, 2010
We added 99 PCG offices and 645 Financial Advisors, including 56 offices and 321 Financial Advisors from UBS and 17 offices and 67 Financial Advisors from all 16 news articles »The Street Sweeper - Feb 24, 2010
The US Securities and Exchange Commission has filed civil fraud charges against Steve Salutric, an Illinois-based financial advisor, for allegedly and more »