Independent Financial Advisor and Co-Founder of Affari Miei
January 23, 2024
If you are looking for information on UBS wealth management because you would like to have a safe place to put yours savings to make the most of them, then you are in the right place.
Today we will see all the characteristics of this investment strategy, what are its advantagesThe disadvantages and at the end of the analysis you will be able to find mine opinions on this tool.
Let’s start!
This article talks about:
UBS: a few words about the bank
Before giving you all the details on UBS wealth management I would like to introduce the bank to you, just to get some more information and to know who you will entrust your savings to.
The bank has been present in Italy for over 20 years, and offers the experience and skills it has gained in the management of private assets worldwide.
It was created in 1998 from the merger of the Union of Swiss Banks and the Swiss Bank Company.
Its historical headquarters are in Zurich and Basel Swissbut having expanded internationally for many years it is also present in Italy.
It is a private and investment bank that offers services in the sectors of investments and asset management of institutional, corporate and private investors.
It has over 150 years of experience and is therefore the largest and most important bank in Switzerland.
UBS wealth management: how it works
Invest It’s a job, let’s not kid ourselves.
If you dedicate yourself body and soul to your investment you really need to spend a lot of time on it and, in a hectic life like today’s, time is less and less.
For this reason, time, frenzy and emotions can play tricks on us.
When you don’t have the right time to decide on the investment, when you can’t afford to manage financial assets alone and monitor the markets or rebalance investments, then asset management could present itself in your eyes as the best solution.
In fact, with asset management you delegate the daily management of the portfolios to the bank’s specialists, who take care of it based on the objectives you have previously established together.
This is, in a nutshell, what UBS aims to be objective and how it wants to meet investors and its customers to best support them on the difficult and arduous road of investment.
UBS Manage
If you have realized that you do not have enough time to dedicate to investing every day, that you are not able to constantly monitor your portfolio and that you do not know how to identify emerging risks around the world, then here UBS Manage it could be the solution for you.
With UBS Manage you can have a high level of customization of management, with the possibility of investing in multiple currencies and according to sustainability principles.
You will also be able to choose the tools you deem most appropriate, always with the help of active and exclusive managers and also a team of experts he will always be by your side and will dedicate himself every day to managing your investments, so as not to miss even an important market movement.
You will also be able to get the maximum diversification: directly and indirectly, over 1,500 different issuers are present in the asset management lines to choose from.
Another constant will be the constant monitoring of the financial markets in order to be able to react quickly to risks and opportunities.
You will be able to access management through periodic statements and e-banking.
The commissions will also be clear and all-encompassing.
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UBS My Way
This is tailor-made asset management, which allows you to create a personalized portfolio with your advisor: you can choose from around 60 modules, including sustainable investments.
There are already 7 billion dollars invested in this solution and above all you can count on 160 years of experience in asset management.
How to build your own My Way asset management:
Choose the forms and risk tolerance Let your advisor dial the wallet.
You will also be able to invest sustainably and will also have access to global resources and the know-how of the UBS Chief Investment Office.
This solution is designed for those who have at least CHF 250,000 available, or approximately €264,000.
You can run a simulation
UBS allows you to simulate your financial portfolio without any type of commitment with the personalized UBS My Way modular system.
You will have to select the investment strategy and sectors you prefer, choosing regional or sustainable funds, then choose the modules best suited to your portfolio with which to invest in the countries and regions, selecting them from a wide assortment.
With the simulator you can then receive the results via email and consequently make an appointment to analyze the management together with consultants and professionals.
I attach the screen you find on the official website if you decide to proceed with it simulation:
You may be wondering if UBS My Way it is a robo-advisory solution.
It exploits a digital platformbut it is not a robo-advisory because it builds the personalized portfolio with the help of the client advisor and delegates its daily management to UBS professionals.
But then you will be able to keep everything under control through complete and timely reports, periodic conversations with your client advisor and the digital banking platform.
How to subscribe to UBS wealth management
Since this is a very important decision for you, your loved ones, and your assets, I naturally advise you not to rely only on this information, but to contact the bank for more information.
You can choose to contact UBS by telephoneor to make an appointment by contacting financial advisor or even to go to one subsidiary company near you to speak directly with a professional who will be able to illustrate all the solutions available to you and above all to best direct you towards what is best for your investment and to achieve your goals.
In fact, by speaking directly with the consultant you will also be able to find out what the costs and commissions are, which is something that should not be underestimated when making any investment decision.
Affari Miei’s opinions on UBS wealth management
I hope this article will be useful for you to get some initial information on UBS wealth management and to understand at first glance what it is about.
Now, however, I want to think with you to understand, or rather, to try to understand, whether asset management as it presents itself can actually be a solution suited to your needs.
As I told you earlier, the best thing you can do is go to the branch, make an appointment or in any case speak to a financial advisor who will be able to help you with your choice and explain in detail all the features and how your investment will develop .
Then make sure you understand everything, advantages e disadvantagescosts and characteristics before signing any document and “to delegate” all your assets.
If I have to be honest, Affari Miei’s opinion on this type of product is not positive, because I consider them very cumbersome and also disadvantageous, for a whole series of reasons which I will now explain to you.
Naturally my speech is general and is in no way addressed only to UBS wealth management.
To explain better what I think I think you can rely on this detailed guideand also to this article which explains why you should think 100 times before making a decision on asset management.
Here are the reasons above:
Commissions: when evaluating the convenience of any investment it is important to always take the costs into account because they are often high and erode your returns. Asset management can cost up to 3% per year which, on significant capital, also means 80-100 thousand euros in lost returns over time. To learn more, I recommend you download this report; Almost absent control: opting for asset management means putting all your money in active management with a manager who makes autonomous decisions to improve the returns on your investments, what about you? You will know almost nothing about it: it can be positive on the one hand as you don’t have to worry, but negative on the other because not having control and not knowing exactly what is happening to your parents could represent a significant problem; Conflict of interest: the banks’ business model is based on the sale of financial products which, often, were created by companies belonging to the same group. Asset management usually has the same products as the bank as underlying assets and this produces a conflict of interest because the manager tends to favor them over others; Tax problem: if you have read our other content you will surely have heard of compound interest. It makes your capital profitable (I recommend you read this guide). The tax regime of asset management provides for the payment of taxes every year which instead make it impossible to exploit compound interest. The topic is not easy to understand, so I suggest you read this guide because I explain it analytically with an example.
I want to focus on the costs: always the sore point of managed savings, here I have carefully explained how they work.
Personally, I prefer Passive Management Funds (ETFs) because they are more effective, efficient, transparent tools and above all can offer you much lower management costs.
I often talk about this topic on my blog, maybe you might be interested in learning more about it:
As an advantage, there could be total delegation, which allows the most apprehensive and less capable or aware investors to know that their money is in the hands of expert consultants: however, always remember the other side of the coin, namely anxiety and worry that could arise from a full delegation of this kind.
If you want to delve further into the general discussion on asset management, I talked about it at length here.
Conclusions
I believe I have truly told you everything I thought was important for you to know on the subject and all the information I have been able to learn in all these years of experience.
One last very important piece of advice that I would like to give you is: study and educate yourself, because one day you will be able to become aware of all your investment choices and you will be able to have clear ideas about what you will have to do.
In this regard, I would like to leave you these resources:
Having said this, I bid you farewell, hoping to see you back up here My business.
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