UBS Launches Next Generation Digital Solution for Corporate Clients and Equity Plan Participants
July 09 2018 - 9:00AM
Business Wire
Equity Plan Advisory Services to begin
introduction of new digital experience for participants in summer
2018
UBS Wealth Management USA announced today the launch of the
enhanced UBS One Source platform, underscoring its commitment to
provide state-of-the art digital solutions and next-generation
technological capabilities for its 180+ corporate clients and
800,000+ equity plan participants. Designed in-house, the newly
constructed platform will deliver regular, fresh financial wellness
content for enrolled companies, as well as provide effective,
user-friendly tools for financial modeling and transacting on
equity awards for employees at all levels.
“Embracing the right type of technology and creating innovative
solutions are the heart of our service offering,” said Michael
Barry, Head of UBS Equity Plan Advisory Services. “The enhanced
platform’s launch follows a series of technological advancements
we’re undertaking at UBS, and highlights our dedication to meeting
our clients’ evolving needs, and helping to build deep
advisor-client relationships that combine convenience, knowledge
and effective planning."
This latest innovation is part of UBS Wealth Management USA's
digital strategy to develop customized electronic tools that will
enhance and expand services to clients. In 2016, UBS announced
strategic alliances and partnerships with leading fintech company,
SigFig, to develop and launch its first digital advice platform,
UBS Advice Advantage, for clients of its UBS Wealth Advice Center.
The platform offers portfolio diagnostics, goals tracking features
and access to a new investment advisory product, the UBS Advice
Portfolio Program.
UBS Equity Plan Advisory Services also partnered with Solium,
the leading equity compensation software service provider, to
create UBS Plan Admin Pro, which offers corporate clients a
best-in-class, cloud-enabled service for maintenance,
record-keeping and management of administration needs.
Additionally, UBS created a partnership with BlackRock Solutions to
offer Aladdin Risk for Wealth Management (ARWM) to UBS Financial
Advisors and Home Office professionals. UBS is the first U.S.
Wealth Manager to use Aladdin's risk management and portfolio
construction tools.
With the updated UBS One Source platform, UBS introduces several
digital tools paired with the firm's Financial Advisors who
specialize in corporate stock benefits to provide employees with
continued access to tailored advice* and guidance through their
preferred delivery channels. It also features a modern, easy to
navigate participant web portal and interactive educational
content, as well as straightforward awards tracking. Participants
will have the ability to:
- Conceptualize the equity compensation
granted to them by their employer through visual aids and
tools
- Learn about different award types,
vesting schedules, important dates and stock price points to
monitor
- Customize their equity events calendar
and setup personal notifications
- Model transactions to understand
outcomes prior to executing order instructions
- Understand the importance and impact
their equity compensation can have on their overall financial
future
The unique combination of the UBS One Source and Plan Admin Pro
platforms positions UBS to achieve and maintain corporate
technology capabilities while focusing increased investment on a
participant experience.
“We've always had the best Financial Advisors servicing and
delivering specialized advice and guidance to equity plan
participants,” added Barry. “Now, our participants and corporate
clients have access to a robust suite of intelligent tools that
will help them achieve their financial goals.”
The new UBS One Source platform has begun an introduction to
corporate clients and other participants, which will continue
through the remainder of 2018.
About UBS Global Wealth Management
Global Wealth Management provides comprehensive advice,
solutions and services to wealthy families and individuals around
the world. Clients who work with UBS benefit from a fully
integrated set of wealth management capabilities and expertise,
including wealth planning, investment management, capital markets,
banking, lending and institutional and corporate financial advice.
As the world’s largest wealth manager, UBS provides clients with
access to a wide range of products and solutions from leading
third-party institutions that complement its own offering.
About UBS
UBS provides financial advice and solutions to wealthy,
institutional and corporate clients worldwide, as well as private
clients in Switzerland. UBS' strategy is centered on our leading
global wealth management business and our premier universal bank in
Switzerland, enhanced by Asset Management and the Investment Bank.
The bank focuses on businesses that have a strong competitive
position in their targeted markets, are capital efficient, and have
an attractive long-term structural growth or profitability
outlook.
UBS is present in all major financial centers worldwide. It has
offices in 52 countries, with about 34% of its employees working in
the Americas, 34% in Switzerland, 18% in the rest of Europe, the
Middle East and Africa and 14% in Asia Pacific. UBS Group AG
employs approximately 61,000 people around the world. Its shares
are listed on the SIX Swiss Exchange and the New York Stock
Exchange (NYSE).
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For UBS Wealth Management USAMaya Dillon, 212-713-3130Mobile:
917-615-7094Maya.dillon@ubs.com
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