UBS Wealth Management Account Closing Fee
UBS used to have $150 Wealth Management account closing fee. Now we don't see it in their
fees schedule »
UBS IRA Closing Fee
UBS closing fee related to the termination of a retirement account through a distribution is $100.
UBS ACAT Fee
UBS ACAT fee for the transfer of an account OUT to a different company is $95.
Find Financial Advisor
If you are unhappy with UBS' pricing or service, you might be able to find a
better priced Financial Advisor.
Find Financial Advisor
UBS Brokerage Top Competitors
Is UBS Safe and Legitimate Firm?
No company is 100% safe. Businesses regularly fail or file for bankruptcy for all sorts of reasons. Being a broker of all types of securities, UBS is regulated and
monitored by the Securities and Exchange Commission (SEC). The SEC's goal is to ensure that all publicly traded securities and the firms offering these securities adhere
to the laws and rules governing the stock and bond markets.
The SEC's mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. Their specific role as pertains to investors
is to enforce fair trading rules and practices of brokers so investors have a fair and level playing field on which to compete with giant Wall Street investment banks, hedge
funds, and corporate traders. One of the SEC's most important purposes is to guarantee that all investors, whether large institutions or private individuals, should have access
to certain basic facts about an investment prior to buying it, and so long as they hold it.
UBS is a member of the Financial Industry Regulatory Agency (FINRA). According to FINRA's website, the agency is
"an independent, not-for-profit organization authorized by Congress to protect America's investors by making sure the securities industry operates fairly and honestly." This means
member firms such as UBS are willing to submit to scrutiny of their operations, comply with FINRA's rules, and promote market transparency and investor education. In this respect,
UBS is as safe and as legitimate as any other brokerage company in the United States.
Recommended Articles
Compare TD Ameritrade and Ally Invest
TransAmerica vs TD Ameritrade
Morgan Stanley minimum investment
UBS IRA Review
If you are employed by a company that offers a retirement plan such as a 401K, 401B or an ESOP (Employee Stock Ownership Plan), by all means take full advantage of the
benefits. It also makes sense to have a backup account or create a financial plan outside the company’s retirement program.
There are lots of investment firms you can choose from that will help you grow your nest egg. The firm you select should ideally offer a full array of financial products and services.
You might also want to choose one that has a local office where you can go and sit down to discuss your strategies and specific goals.
When considering an investment company you can look at institutions that have a long history in the financial investment world. Charles Schwab, Morgan
Stanley and UBS are a few notable brand names in the industry. Charles Schwab has been around for over 40 years and offers a
unique on-line set of tools for the more confident and self-directed investor. They are also particular proud of their own line of mutual funds.
Morgan Stanley has been in the financial services since 1935. Their interest lies in securities, asset and wealth management and global markets.
Morgan Stanley has local offices in many parts of world. Both of these firms have impeccable reputations in the financial industry.
UBS offers a wide variety of products and services. One of the today’s more popular retirement products is the ROTH IRA. This particular account
is a post-tax contribution fund that offers certain tax exemption benefits when you go to withdraw money at retirement age. They also manage traditional
IRA’s as well. UBS provides other products like basic stock purchases for the more hands-on investor, mutual funds, annuities and fixed-income
investments. Other services that may interest individuals with specific needs are estate and trust planning, education savings plans and borrowing and
spending solutions.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
|