Swiss-based UBS (UBS) says its wealth-management operations in the Americas continue to outperform rivals as of Sept. 30.
“In the first full quarter since introducing changes to its operating model, Wealth Management Americas delivered a strong performance despite persistent macro challenges,” the company said in a statement on Friday.
The UBS advisors have yearly fees and commissions of $1,120,000 and average assets per advisor of $156 million. “We continue to be the industry leader,” it said, noting that is has 7,087 advisors in the U.S., Canada and Latin America.
Morgan Stanley (MS), for instance, said that its 15,856 advisors had yearly average production of $977,000 as of Sept. 30 and average assets per FA of about $132 million.
Rival Bank of America-Merrill Lynch (BAC) reported earlier in October that its reps have an average annual production level of $983,000.