The change at UBS since McCann came is MONUMENTAL

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Dec 3, 2010 2:51 pm

UBS

Like night and day.

Mccann=God

Dec 3, 2010 2:56 pm

I heard that if you were a wirehouse junkie then UBS was the best place on the street. I also heard that UBS was too risky and the unit needed a U.S. owner?

What's the scoop Shania?

Dec 3, 2010 4:31 pm

Who Cares? Is it more like night or day?

Dec 3, 2010 4:50 pm

[quote=sunbelt]

Who Cares? Is it more like night or day?

[/quote] With 6 posts in 1 1/2 years, obviously not you! haha

Dec 3, 2010 5:09 pm

Nearly 1 trillion dollars of debt at UBS. That's a whole lot...

The revenue of what the retail force does, is not even peanuts. It's the liquid asset side that is everything to them, and boy, it better do well, because those liabilities are going to still be there if the sh#t hits the fan.

Still, if it's a great place to work now, that's good. Our industry needs to shape up in that regard.

Dec 3, 2010 8:39 pm

[quote=N.D.]

I heard that if you were a wirehouse junkie then UBS was the best place on the street. I also heard that UBS was too risky and the unit needed a U.S. owner?

What's the scoop Shania?

[/quote]

Dunno

I hate those elitest Swiss commie socialist arrogant dumba$%es. 

As you know, Ive been a raging bull since SPX 667.  (so many uninvsted missing this move-priceless)

Global economy is on fire.   Stocks are dirt cheap.  You WILL NOT violate spx 1000 before i retire.

2.5 BILLION MF people middle class by 2015

industrial revolution times 1000  (FU gross,jeremy,whitney,kyle,prector,noreil etc).

soooooooooooo the sh$% hitting the fan that firepower (and every other small investor wrong way loser) 

AINT happening.

i think ubs is fine.  will act liek a CD and not a browth stock though  (banks now utils)

i hope they spin the damn thing off

how cool with that be

partnership units like JC bradford

I went to big dick FA boondoggle dog and pony this week on Bourbon street.  blew me away

these guys really, really get it

Im drinkin the GD KOOLAId by the gallons full

Dec 7, 2010 10:14 am

[quote=N.D.]

[quote=sunbelt]

Who Cares? Is it more like night or day?

[/quote] With 6 posts in 1 1/2 years, obviously not you! haha

[/quote]

Correct !  Where are the customers' yachts?

Dec 7, 2010 7:39 pm

so what about the recent paycut?

Dec 7, 2010 9:22 pm

UBS??? really? I know it is a solid firm, but when I looked at their deal a while back I was disappointed by their platform and the technology was 2 years behind ML and SB. The US wealth management division is not even profitable right now. What am I missing here? Wells is reportedly interested in gaining scale as is barclays, we all know that UBS wants to dump this US division.

Dec 8, 2010 12:58 pm

[quote=ABOM] so what about the recent paycut?

[/quote]

ABOM---Haven't heard from you in a while--- Are you referring to the new comp plan?

Dec 9, 2010 1:25 am

The pay cut on annuities sucks, frankly. To fix it, they should remove the hair cut the firm takes prior to paying us at grid. Having said that, it's not enough to outweigh all the positives at UBS these days. And I fully expect that they'll do the fair thing here.. If not, they'll hear about it at our club level meeting in a few months.

Lew Ashby

Dec 9, 2010 9:27 pm

yeah, recent changes. was not abig deal in my office but i didnt like the fact that sr management was attempting to say it was a "good" or positive change when it was a paycut (decreased annuity grid, no pay on mmkt, no div & int on NNM, small household policy went up, soft minimums on managed accounts) the plan is way better than MSSB I just got a copy of there 2011 and other than expense accounts the UBS plan is richer at many levels. when they made the 2009 changes it was a huge pay raise for the field and this is just some correcting.

Dec 10, 2010 1:22 pm

[quote=ABOM]

yeah, recent changes. was not abig deal in my office but i didnt like the fact that sr management was attempting to say it was a "good" or positive change when it was a paycut (decreased annuity grid, no pay on mmkt, no div & int on NNM, small household policy went up, soft minimums on managed accounts) the plan is way better than MSSB I just got a copy of there 2011 and other than expense accounts the UBS plan is richer at many levels. when they made the 2009 changes it was a huge pay raise for the field and this is just some correcting.

[/quote]

Thank you!

 ABOM do you read your pm's? I've pm'd you