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UBS is a prominent player in the Capital Markets industry, as noted by InvestingPro Tips, and has recently expanded its advisory team with the addition of The Charles Drew Group. This team, led by Charles Drew, a seasoned financial advisor with an extensive career at Merrill Lynch Wealth Management, brings a wealth of experience in retirement planning. Drew’s prestigious titles include Certified Investment Management Analyst and Chartered Retirement Planning Counselor. His expertise has earned him a spot on the Forbes/SHOOK Best-in-State Wealth Advisors list for 2023. The team of four, which includes Justin Hatch, Bennett Kavlick, and Matthew Tomczuk, will operate from the Washington D.C. office of UBS, under the supervision of Julie Fox and Brendan Graham.
In addition to the integration of The Charles Drew Group, the UBS Private Wealth Management NYC office is celebrating the recognition of ViewPoint Partners on Barron’s Top 100 Private Wealth Management Teams list for 2023. The team, made up of Hillary Cullen, James Coan, and Aileen Schruth, offers comprehensive wealth management services to affluent clients, including family legacy planning. Cullen, a Certified Financial Planner (CFP) with 20 years of experience at UBS, offers custom advice. Coan has been implementing a four-step process for strategic asset allocation and investment manager selection since joining in 2008. Schruth, a Chartered Retirement Plan Counselor (CRPC), manages advanced financial planning services, including complex cash flow projections and customized insurance reviews. The team improved its ranking to #63 on Barron’s list from #78 in 2022 and also held the #38 position on Forbes’ list in 2022.
UBS has been demonstrating a strong financial performance, with a market cap of 76672.98M USD, according to InvestingPro Data. The company’s P/E ratio stands at 2.24, indicating that it is trading at a low earnings multiple, as per InvestingPro Tips. Despite experiencing a decline in revenue growth at -7.07%, the company has managed to maintain a solid operating income of 6609M USD. UBS also boasts a return on assets of 2.39%, and the company’s shareholders can expect a dividend yield of 2.35%.
InvestingPro Tips also highlights that UBS has maintained dividend payments for 12 consecutive years, reflecting the company’s commitment to providing returns to its shareholders. Despite the expectation of a drop in net income this year, analysts predict the company will be profitable, as it has been over the last twelve months. For more insightful tips like these, you can visit InvestingPro, which offers numerous additional tips to help investors make informed decisions.
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