{"id":1276,"date":"2013-07-02T11:44:55","date_gmt":"2013-07-02T11:44:55","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/07\/financial_firms_in_the_headlin"},"modified":"2022-03-10T16:37:17","modified_gmt":"2022-03-10T22:37:17","slug":"financial-firms-in-the-headlin","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/financial-firms-in-the-headlin\/","title":{"rendered":"Financial Firms in the Headlines: UBS Charges Financial Planning Fees, MF Global Customers Seek to Cap Ex-Leaders\u2019 Legal Defense Expenses, Ex-Thompson REIT CFO is Suspended"},"content":{"rendered":"

\t\t\t\tUBS Wealth Management Customers Now Paying a Fee for Financial Plans<\/strong><\/p>\n

UBS (UBS) Wealth Management Americas <\/a>is now charging a fee for the financial plans that advisers are customizing for the firm’s clients. According to the head of the wealth management advisor group head Jason Chandler, this new policy wasn’t implemented to up firm revenues, although it has. Rather, it was set up to increase the level of commitment clients have to their plan, which he say is what happens when they have to pay money for one.<\/p>\n

To date this year, the company has made $3 million in financial plan fees, up from $1.4 million from last year. The average fee amount is $4,100. Advisers who design the financial plans are getting 50% of the fee that they charge, while 15% of the fees earned from the plans end up in expense accounts for them.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

UBS Wealth Management Customers Now Paying a Fee for Financial Plans UBS (UBS) Wealth Management Americas is now charging a fee for the financial plans that advisers are customizing for the firm’s clients. According to the head of the wealth management advisor group head Jason Chandler, this new policy wasn’t implemented to up firm revenues, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3759,3755],"tags":[],"class_list":["post-1276","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-reits","category-ubs"],"yoast_head":"\nFinancial Firms in the Headlines: UBS Charges Financial Planning Fees, MF Global Customers Seek to Cap Ex-Leaders\u2019 Legal Defense Expenses, Ex-Thompson REIT CFO is Suspended — Investor Lawyers Blog — July 2, 2013<\/title>\n<meta name=\"description\" content=\"UBS Wealth Management Customers Now Paying a Fee for Financial Plans UBS (UBS) Wealth Management Americas is now charging a fee for the financial plans — July 2, 2013\" 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