UBS expects additional outflows from its U.S. wealth management division in the first half of 2026 as departing advisers take client assets with them, chief financial officer Todd Tuckner said on Wednesday.
Tuckner told analysts that the bank is dissatisfied with the recent movement of U.S. wealth advisers. He noted that there is typically a lag between adviser departures and the resulting impact on assets under management, meaning UBS anticipates further pressure on net new money in 2026. Despite this, the bank expects net new money to remain positive for the full year, he added.
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