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Cost-Cutting UBS Lays Off Brokerage Support Staff

Mindy Diamond Quoted - By Danielle Verbrigghe, Fund Fire - UBS Wealth Management Americas is laying off about 75 brokerage client service associates, a spokeswoman confirms. The layoffs began about a week ago, the spokeswoman confirms. The cuts concern only client service associates, and don’t include financial advisors, the spokeswoman said in an email.
FUNDfire
Mindy Diamond Quoted
By Danielle Verbrigghe

UBS Wealth Management Americas is laying off about 75 brokerage client service associates, a spokeswoman confirms.

The layoffs began about a week ago, the spokeswoman confirms. The cuts concern only client service associates, and don’t include financial advisors, the spokeswoman said in an email.

“These reductions were part of the firm’s [ongoing] review of costs and resources,” the spokeswoman said in an email.

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