UBS raises compensation ratio for wealth advisors in the United States to retain talent and establishes new compensation levels for top advisors.

UBS Group is increasing the compensation ratio for American wealth advisors in order to retain and attract talent in the midst of fierce competition. According to sources familiar with the matter, earlier this month, UBS internally announced that they will increase incentives for thousands of wealth advisors in the United States. Due to discussions about internal business decisions, the sources requested anonymity. Global co-head of wealth management Rob Karofsky and head of wealth management in the US Michael Camacho outlined the plan in a presentation, which will take effect on January 1: increasing the commission ratio for advisors generating $1-3 million in revenue, adding cash payments for advisors generating $3-4 million in revenue, and creating a new compensation level for top advisors generating over $20 million in revenue annually.