MORTGAGES IN THE MIX

Financial advisors at UBS Wealth Management Americas closely watched last month as the U.S. brokerage rolled out plans to sell more of its own mortgage and lending products through its retail brokerage force. While the mortgage market has recently spelled trouble for Wall Street, UBS is calculating...

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Bibliographic Details
Published in:REP 2010-09, Vol.34 (9), p.17
Main Author: Byrne, John Aidan
Format: Magazinearticle
Language:English
Subjects:
Advisors
Financial institutions
Financial planners
Mortgage rates
Mortgages
Wealth management
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Summary:Financial advisors at UBS Wealth Management Americas closely watched last month as the U.S. brokerage rolled out plans to sell more of its own mortgage and lending products through its retail brokerage force. While the mortgage market has recently spelled trouble for Wall Street, UBS is calculating that the worst is over. Most UBS advisors, looking for added revenue in a competitive market, welcomed the UBS push. Today, less than 20 percent of FAs at the Americas division of the Swiss banking giant have customers who originated their mortgages at UBS, according to internal UBS estimates confirmed by the brokerage to Registered Rep.
ISSN:1539-7149
2469-6269
2469-6277