UBS continues to bleed assets as advisor departures slow

UBS' Americas wealth management unit reported $14 billion in net new asset (NNA) outflows in the fourth quarter, its worst period for flows since announcing changes to its compensation structure in November 2024. Asset losses accelerated in 2025 as ongoing cost cuts and compensation overhauls continued to drive advisor departures. Advisor headcount was little changed from the prior quarter but fell 3.3% from a year earlier, to 5,772 advisors, the firm said Wednesday. On Wednesday's earnings call, UBS C ...