UBS Fees and Charges for High Net Worth Clients

As a high net worth client, you can expect to pay a range of fees and charges at UBS. The bank's fees for these clients are tiered, with higher net worth individuals paying lower fees as a percentage of their assets.

UBS charges a management fee of 0.5% to 1.5% per annum on investment portfolios, depending on the type of account and the level of service required. This fee is deducted from the portfolio's value on a quarterly basis.

For example, if you have a $1 million investment portfolio with a management fee of 1%, you'll pay $10,000 per year in fees.

UBS wants Countrywide to pay at least $200 million to cover old legal fees.

The Swiss bank spent at least $53 million on defense costs alone, documents show.

UBS is seeking an indemnification award of no less than $200 million, prejudgment and postjudgment interest and other relief that the court deems just and proper.

UBS is also changing how it calculates advisory fees, starting with the fourth quarter.

It will now calculate advisory fees on an average daily account basis rather than quarterly, thanks to technology advances that have made it more feasible.

This change will improve transparency for advisors and clients, according to UBS.

UBS is seeking $200 million from Bank of America to cover some of the legal fees UBS had to pay defending itself against lawsuits.

The Swiss bank settled costly suits with the Federal Home Loan Bank of San Francisco in 2010 and the Federal Housing Finance Agency in 2011.

The total tally in UBS' defense costs alone are at least $53 million, documents show.

UBS claims Countrywide Home Loans, a nonbank lender acquired by Bank of America in 2008, is 100% at fault for the misrepresented loans that led to the lawsuits.

UBS contacted Countrywide in 2019 to discuss indemnification for the FHFA and FHLB actions, but Countrywide refused to comply with its obligations.

UBS is seeking an indemnification award of no less than $200 million, prejudgment and postjudgment interest, and other relief that the court deems just and proper.

UBS AM has been making some significant changes to its ETFs. They've merged share classes on a trio of ETFs.

This decision was likely influenced by the fact that assets were low and decreasing, as mentioned in a shareholder notice. Trading on these ETFs ceased on 28 October.

UBS AM previously made a bold move by cutting fees across some of its largest products in January. This included their £952m MSCI World UCITS ETF, which benefited from economies of scale following the bank's acquisition of Credit Suisse last March.

Amundi also took a similar approach, cutting fees across 33 ETFs in June. Their $12.5bn S&P 500 ETF was one of the affected funds.

UBS will start calculating advisory fees on an average daily account basis, not quarterly, starting with the fourth quarter.

This change follows similar moves by other big brokerages, with Morgan Stanley switching to monthly billing last year.

The amended billing is made possible by technology advances that have reduced the cost of processing large amounts of data.

UBS is able to process this data thanks to its partnership with Broadridge Financial Solutions, which is helping the company overhaul its technology platform.

The company has been redesigning and updating core systems, some of which date back to PaineWebber, which UBS bought in 2000.

UBS fields more than 6,400 advisors in its Americas wealth management business, which has client assets of $1.4 trillion.

This change will improve transparency for advisors and clients, according to Steve Mattus, head of advisory and planning products at UBS.

UBS Wealth Management is altering its fee schedule and waivers in 2018. The current schedule has been in place since 2009, but the changes aim to help advisors bring in net new money and increase their wallet share with clients.

A Resource Management Account (RMA) will now cost clients $175 per year, up from $150, for each billable account. This change is part of the new fee schedule that UBS plans to introduce in 2018.

The fee for international RMAs will increase from $175 to $200. This change will also take effect in 2018, as part of the updated fee schedule.

UBS will charge a $100 fee for each billable individual retirement account, up from $75. This change is also part of the new fee schedule that will be introduced in 2018.

Clients with at least $2 million in assets or liabilities can still qualify for a fee waiver, but the threshold has increased from $1 million since 2009. This waiver applies to billable accounts, and the assets and liabilities don't need to be with UBS.

Clients can also qualify for a fee waiver if they have assets or liabilities tracked by My Total Picture, an asset aggregation system that tracks verifiable information across financial institutions. This system can help clients meet the aggregate $2 million fee waiver requirement.

Depositing at least $250,000 in net new money (excluding employee assets) into an account can also waive the annual fee for that year. This is one of the ways clients can avoid paying annual fees on their accounts.

UBS limits the amount customers pay in annual fees to $500. This cap has been in place since 2009, and some clients might easily hit this mark through other means.