UBS NFA (trainee) Program Question

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Jan 28, 2009 9:19 pm

Has anyone heard about changes (i.e., layoffs) on the horizon for UBS NFAs?  My specific situation is that I'm just coming up on 1 year, in 2nd quintile for net new assets (around $5 Million), but lagging in production (wrap accounts).

 
I've been told by management that I have nothing to worry about since my NNA numbers are okay, but the Merrill situation has got me wondering.  
 
Thanks for any thoughts.
Jan 28, 2009 9:39 pm

UBS just BEGUN cost cutting mode.  Fact is that one day the upper mgmt may tell the BOM  to get rid of some CSA's or NFA's. Are you level 3 or 4 in production?


Either way, I would at the very least keep your options open in the event you get a call to the principal's office.
Jan 28, 2009 10:04 pm
ShotInTheDark:

UBS just BEGUN cost cutting mode.  Fact is that one day the upper mgmt may tell the BOM  to get rid of some CSA's or NFA's. Are you level 3 or 4 in production?


Either way, I would at the very least keep your options open in the event you get a call to the principal's office.
 
Thanks for the response.  Production is level 3 and should ramp up as new wrap account fees catch up to NNA.