Rapid Reaction: UBS Comp Plan Changes and the Impact on Advisors

With Louis Diamond

Overview

Louis Diamond offers a perspective for UBS advisors on the firm’s compensation plan changes announced on November 21. It’s an episode for advisors who are curious about the updates and how they can use this knowledge to make informed decisions.

About this episode...

On November 21, UBS Wealth Management announced sweeping changes to its advisor compensation plan.

As consultants to financial advisors, our role is to provide guidance on anything that can potentially impact their ability to optimally serve clients and grow their businesses.

The goal of this episode is to take a step back and provide UBS advisors with some context on this important issue: a lens through which to consider their business in a more strategic way and to understand how these changes might stack up to competitors in the industry.

Louis Diamond shares his perspective for UBS advisors, including: 

• The key elements of the changes to the UBS compensation plan.
• The ramifications for individual advisors, and teams large and small.
• Who is impacted the most and how.
• How this compares to compensation plan changes at other wirehouses.
• And steps an advisor could take to learn more.

This episode is for UBS advisors who are curious about the plan changes, what they mean for their business lives, and how this knowledge can help them make informed decisions in the future.

Related Resources

Diamond Consultants Advisor Transition Report 2024: Focus on UBS - It’s the only report of its kind in the industry, designed specifically for UBS advisors. So complete this form to get your copy.

You can also listen to the full episode on our website, as well as on Apple Podcasts, Stitcher or Spotify.