UBS Loses 129 Americas Advisors in 12 Months as Wealth Unit Adds $900 Million
Updated
Updated · InvestmentNews · Jul 29
UBS Loses 129 Americas Advisors in 12 Months as Wealth Unit Adds $900 Million
3 articles · Updated · InvestmentNews · Jul 29
Summary
UBS ended June with 5,644 financial advisors in the Americas, down 129 from a year earlier for a 2.2% decline that extends a multiyear attrition trend.
The erosion has been tied to a compensation change announced in late 2024 and later reversed, while veteran brokers continue leaving wirehouses for independent RIAs offering more autonomy and higher payouts.
Despite the smaller advisor force, UBS said its Americas wealth business brought in $900 million of second-quarter net new assets even after $10 billion of tax-related outflows.
Profit before tax in the Americas wealth unit rose $170 million to $534 million, and CFO Todd Tuckner said UBS is recruiting selectively while expecting elevated advisor turnover to normalize during 2026.
The advisor losses came as UBS groupwide reported a 17% jump in second-quarter profit and outlined plans to buy back $3 billion of shares by mid-2027 at the latest.