UBS---You & US

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Mar 10, 2007 10:53 am

What's the grapevine on UBS?

Mar 10, 2007 11:54 am

The grapevine is that the Swiss are Germans in short pants, with plenty of arrogance and bureaucracy.

They love to imitate Mother Merrill.

If you're going after upper echelon HNW clients and perhaps already have some industry experience, and if your book is big enough to get attention from your branch and regional manager, it can perhaps be a good place to live.

If you're a newb trying to get started, perhaps a good place to avoid.

Just my 2 cents.

Mar 10, 2007 12:31 pm

Done that.


Happy to chat offline.


Reply privately.

Mar 10, 2007 1:55 pm

How would he do that(chat offline)?


Oh yeah [email protected]


Hotmail? That's the best you got? You're a RIA with a BD sidecar and you can't/won't even afford your own domaine name?


Hotmail is the service you use when you want to be incognito.


Hotmail is the red flag of red flags! I have a strict rule not to reply to anybody who gives me a hotmail address (unless I already know them).


Hotmail, puleese!

Mar 10, 2007 2:02 pm
joedabrkr:

The grapevine is that the Swiss are Germans in short pants, with plenty of arrogance and bureaucracy.

They love to imitate Mother Merrill.

If you're going after upper echelon HNW clients and perhaps already have some industry experience, and if your book is big enough to get attention from your branch and regional manager, it can perhaps be a good place to live.

If you're a newb trying to get started, perhaps a good place to avoid.

Just my 2 cents.



funny short pants line

Mar 10, 2007 2:03 pm
Whomitmayconcer:

How would he do that(chat offline)?


Oh yeah [email protected]


Hotmail? That's the best you got? You're a RIA with a BD sidecar and you can't/won't even afford your own domaine name?


Hotmail is the service you use when you want to be incognito.


Hotmail is the red flag of red flags! I have a strict rule not to reply to anybody who gives me a hotmail address (unless I already know them).


Hotmail, puleese!



I'm sure he'll say the same, but from a third party perspective, you gave the answer to your own question.  He's not going to give someone HE doesn't know his actual email address.  DUH!

Mar 10, 2007 3:56 pm
joedabrkr:

The grapevine is that the Swiss are Germans in short pants, with plenty of arrogance and bureaucracy.







Basicly they combine the worst aspects of the french and the germans.

Mar 10, 2007 4:09 pm

UBS is a great place to be for a guy getting started.  It appears to be a great place for people who have been there a while too.

May 12, 2007 5:41 pm

I came here to check on UBS - can anyone PM me or discuss here the pros or cons of working for UBS? Is there any signing money there these days?

May 14, 2007 12:50 am
shorttoday:

I came here to check on UBS - can anyone PM me or discuss here the pros or cons of working for UBS? Is there any signing money there these days?



UBS is a great place to work if you like corporate politics, overpaid middle management, and oppressive compliance.

May 14, 2007 12:57 am
joedabrkr:
shorttoday:

I came here to check on UBS - can anyone PM me or discuss here the pros or cons of working for UBS? Is there any signing money there these days?



UBS is a great place to work if you like corporate politics, overpaid middle management, and oppressive compliance.


Do you have any specific insight or experience, or saying that from the perspective of not liking any wirehouse - aren't you indy, from some of your old posts?


The reason I ask is, I am checking on UBS up close, and the firm appears to offer some advantages to serve the very wealthy. Of course, just being an employee entails politics and the like, so it would be a matter of understanding the tradeoffs, so any special insight would be appreciated, and from anyone here who knows.

May 14, 2007 9:35 am
shorttoday:
joedabrkr:
shorttoday:

I came here to check on UBS - can anyone PM me or discuss here the pros or cons of working for UBS? Is there any signing money there these days?



UBS is a great place to work if you like corporate politics, overpaid middle management, and oppressive compliance.


Do you have any specific insight or experience, or saying that from the perspective of not liking any wirehouse - aren't you indy, from some of your old posts?


The reason I ask is, I am checking on UBS up close, and the firm appears to offer some advantages to serve the very wealthy. Of course, just being an employee entails politics and the like, so it would be a matter of understanding the tradeoffs, so any special insight would be appreciated, and from anyone here who knows.



You are correct that I am not a big fan of the "wirehouse experience".  Having said that, of the three wirehouses I came to know via first-hand experience, UBS was the most poorly run with the worst compliance and the most problems with excessive overhead.

If are a HUGE producer-800k plus-and focussing on 1mil plus households exclusively, I suppose it could be a good place to build and run a business.  But anything less than that and it's not much fun there.

And the Swiss, IMHO, are very capricious.  They could change their plans and priorities on the turn of dime(or a market).

May 14, 2007 10:11 am

 That's interesting, corporate capriciousness is a drag with a horse of any color. Thanks for your opinion.

May 14, 2007 10:35 am
shorttoday:

 That's interesting, corporate capriciousness is a drag with a horse of any color. Thanks for your opinion.



PaineWebber was a great firm with entreprenuerial management.  UBS made a real mess of it.