Monday, 12 March 2018 10:23

UBS is Boosting Pay

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(New York)

The life of an advisor at a wirehouse is certainly changing. In the new broker-protocol-collapsed world, things have become different. At UBS, the changes are very clear—advisors are being paid more, but it is harder to leave. The average broker for UBS earned about $471,000 in 2017 (skewed by big earners), up 13% over 2016. However, at the same time, the firm dropped out of the broker protocol, making it harder for advisors to breakaway. UBS spent 7% less on new broker recruiting last year.


FINSUM: A 13% pay bump is a pretty strong number, but it could likely be much higher if one were to go out on their own.

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