UBS reviews

I had a great relationship with the office management during my internship and when I began working full-time out of college with my aspirations known to move into a program that pipelines one to become an advisor. I received numerous endorsements for two separate programs from many well regarded advisors, however HR seems spitefull of those seeking greater advancement and opportunity. There seems to be a Stark divide between the advising and support sides of the house. While eventhough advisors can recommend you for open positions, the HR would rather keep you tied on the support side and hire outside. I feel like I've wasted time pursing an opportunities that were closed by someone simply either not hire another for my position or because of the old "buy your time" card. The advisors are aging as the business is changing and many see that in order to keep up with online/discount broker firms they must adapt and bring in ambitious younger talent to seek new business and be taught the art of the relationship, but this is not allowed by HR and you are better off coming directly into UBS from the outside. My suggestion is, if you are under 40 years old do not bother looking at UBS unless you will be directly hired as a FA. Ultimately, this is leading to me to leave UBS.

Poor compensation (bonuses are well below market). Requires all brokerage accounts to be maintained in-house, which is annoying because UBS fees are significantly higher than other shops (e.g., Fidelity). IB/Sales & Trading businesses are dying. Senior management is (understandably) focusing on wealth management. Strong desire to "near-shore" compliance officers to Nashville.