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January 27, 2022 at 11:19 AM
What You Need to Know
- The Multicultural Investors Strategic Client Segment is a new business created by UBS.
- It's focused on Asian American, Black, and Hispanic and Latino investors with investable assets of $1 million and above.
- The new segment is led by Melinda Hightower, formerly of JPMorgan Chase.
UBS has launched a Multicultural Investors Strategic Client Segment focused on meeting the needs of U.S. investors from three of the largest racial and ethnic groups: Asian American, Black, and Hispanic and Latino with investable assets of $1 million and above.
The new segment is led by Melinda Hightower, head of the Multicultural Investors Strategic Client Segment at UBS Global Wealth Management. She is a registered advisor and broker, according to her report on the Financial Industry Regulatory Authority’s BrokerCheck website.
The wirehouse’s goal with the segment is to “build and enhance the UBS ecosystem to more effectively serve and benefit all investors through an inclusive, innovative experience,” it said in a news release.
To that end, it said, the segment will provide wealth management insights, inclusive investment solutions for investors who want to use their wealth to drive inclusion efforts, and advice to multicultural investors and their allies.
UBS advisors across the U.S. will work in close collaboration with the Multicultural Investors Strategic Client Segment to attract and serve their client’s individual needs, according to UBS.
Advisors will have access to multicultural-focused content exploring the intersection between culture, art, philanthropy and sustainability to help provide their clients and prospective clients with unique, community-building experiences and advice, UBS said.
