UBS to Keep the Core Parts of its Compensation Plan Unchanged in 2019

Posted on September 18th, 2018 at 4:16 PM
UBS to Keep the Core Parts of its Compensation Plan Unchanged in 2019

From the Desk of Jim Eccleston at Eccleston Law LLC:

UBS Wealth Management has announced that its 6,900 advisors will be able to keep their payout grid and other key components of their compensation plan in 2019. Moreover, according to UBS, the firm is only intending to make minor changes to its 2019 compensation plan.

More specifically, UBS noted that the firm plans on backing away from its controversial attempt earlier this year to roll out non-solicitation requirements for advisors who chose to receive bonuses from the firm. The bonuses referenced by UBS are titled “strategic objective awards”, which according to the firm, essentially will remain the same with cash and stock deferred over six years.

However, UBS announced in its proposal that the firm will offer greater flexibility with respect to how teams pay bonuses to their members than previously allowed, which will eliminate the cap on bonuses for net new households. This is significant because the elimination of the cap on bonuses will give advisors who generate $1 million or more of net new business more flexibility in calculating how they can qualify for the maximum $250,000 bonus attached to the award.

The 2019 proposal is the first compensation plan enacted by UBS after the firm departed the Broker Protocol in 2017. Since exiting the Broker Protocol, UBS has been hiring few experienced advisors from other firms and instead has emphasized team bonuses to attract talent.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today. 

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, ubs, wealth management

Return to Archive



Fantastic news!!!!  Your professionalism, support and expertise were greatly appreciated.  You made a difficult situation much more bearable.

Marci M.


August 11, 2022
FINRA Suspends Former Schwab Advisor for Failing to Disclose Felony Charges

The Financial Industry Regulatory Authority (FINRA) has suspended a former Charles Schwab advisor who allegedly failed to disclose multiple felony charges.

August 10, 2022
UBS Wealth Group’s Legal Costs Skyrocket in Q2

UBS Wealth’s litigation expenses have substantially spiked in the second quarter as the firm has faced a host of investor complaints and regulatory probes into UBS’ volatile Yield Enhancement Strategy (YES).

August 9, 2022
UBS Wealth Relying on Lending as Client Assets Dip

UBS Wealth Management is relying on loan growth and increasing interest rates amidst a quarter that the company has categorized as “one of the most challenging periods for investors in the last 10 years”, according to UBS CEO Ralph Hamers.