UBS Jump?
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I am thinking of taking a deal with UBS and am looking for any feedback on the firm. I am fearful of jumping with all of the JV rumors. I do not want to sign a contract with UBS and end up at Wells or whomever. Any thoughts on UBS versus Morgan Stanley???
I am sure a similiar question has been posted before so I apologize in advance for the redundancy, but I am nervous about this decision! I appreciate your thoughts.Jumping ship right now is a crap shoot. i do not think there is any one on this bored that can honestly say any firm is better than the other. You could go to Morgan and in a week they could be bought and same with UBS. UBS is just paying slightly more, so I guess that makes it better.
i can tell you this. a team from our Wachovia Sec. branch left mid dec for UBS. yup, they got paid big time. bottom line- they’ve taken half of their book. our ops manager and bom have kept exact records. i think it’s hilarious, personally, but that’s b/c one of the brokers was really two-faced, and was very vocal about nobody leaving wachovia one week before his team split.
they can’t possibly survive on the assets they’ve transferred. back to cold calling
Jumping ship right now is a crap shoot. i do not think there is any one on this bored that can honestly say any firm is better than the other. You could go to Morgan and in a week they could be bought and same with UBS. UBS is just paying slightly more, so I guess that makes it better.
exactly.
its ring around the rosey.
don’t know much about morgan stanley…but as a UBS guy, I would say the banking platform and technology have GOT to be better than ours…which is horrid.
That said, if you’re looking for a firm that will leave you alone and let you work, there’s not a better one on the street than UBS
ignore the b.s. about “this person left and only took x% of their book”…clients follow people they trust wherever they go…if clients aren’t following advisors, it’s sure not because of the firm.
also, I would ignore the crap about a joint venture as well…why on earth would it be unappealing to work under the old PaineWebber name, and at a self-standing advisory firm? Isn’t that what EVERYONE wants right now at a brokerage firm? NO TRADING, NO I/B, just advisory!!! As a UBS employee, I HOPE that happens!!!
new swissy at UBS is gonna blow out ubs usa soon
then ubs merges with cs
ubs/ws JV run out to st louis
Agreed Joe!don’t know much about morgan stanley…but as a UBS guy, I would say the banking platform and technology have GOT to be better than ours…which is horrid. also, I would ignore the crap about a joint venture as well…why on earth would it be unappealing to work under the old PaineWebber name, and at a self-standing advisory firm? Isn’t that what EVERYONE wants right now at a brokerage firm? NO TRADING, NO I/B, just advisory!!! As a UBS employee, I HOPE that happens!!! <<
[quote=igrift]I am thinking of taking a deal with UBS and am looking for any feedback on the firm. I am fearful of jumping with all of the JV rumors. I do not want to sign a contract with UBS and end up at Wells or whomever. Any thoughts on UBS versus Morgan Stanley???
I am sure a similiar question has been posted before so I apologize in advance for the redundancy, but I am nervous about this decision! I appreciate your thoughts. [/quote] I've been at UBS for a few years now, and I have to say the wealth management platform is excellent. Banking products are great, as well. I use them myself. Our financial planning software is the best on the street, so that's a plus. The payout is fair, and the benefits are much better than my previous firm (care to guess which one that was?) UBS has a great business coaching program, so ask for that going in. My branch manager does a great being available when I need him, but not so much in my business that it's been a problem. This firm is far from perfect, and it seems to be in the news quite frequently these days....But that seems to be the norm for wires these days. Going Indy is also an option for you, and it's not a bad one either. But I'm at UBS for the platform, and as far as I know, nobody can match it. Good luck with whatever decision you make.the UBS investment platform isn’t any different than ML’s, which i came from several months ago…in fact ML is better in A.I.
But consults versus access is the same
MFA versus pace is the same
MLPA versus strategic advisor is the same
PIA versus PMP is close to the same, except the UBS trading system is better
not much different at all.
Banking isn’t even close…the whole AMEX as a debit card things is atrocious, as the service on their VISA credit card. Lending is stellar, except UBS does zero business loans…
again, UBS technology platform is laughable…BUT there is no pressure here, and if you want to be left alone to do business, without being pushed product, THIS IS THE PLACE