I opened an account with Vanguard in parallel and put in exactly same amount of funds, and measured each of the ups and downs of market for one year, the UBS account drops more and recovers less every single time. If you really not sure what to do, just buy some low cost index ETFs or mutual funds and ride the market, you will still be doing better if you let USB manage for you(due to the high hidden fees). If you have some knowledge of investment you are much better off open an account with Fidelity(they offer perks if you transfer certain amount, it may not be listed on their website, just call them and ask for promotions) or Vanguard and manage yourself, it is really not hard and I wish I did that long ago. I was with them for over 10 years, I had my own business and didn't have time to manage myself,Ĭhances are they will talk you into buying some sort of "UITs" (unit investment trust), typically the kind with high fees, when asked they will make up stories. This review is about UBS Financial Services in Denver. I want to close by saying that for over 20 years my experience with my account broker could not have been better contrariwise, the experience with my current UBS broker could not be worse.Ĭons: They put their own interests first. Otherwise I would search elsewhere for a more sophisticated brokerage firm.Ī further disappointment with the UBS branch currently acting as the custodian of my account is the defensive attitude of the branch manager when I discussed the dissatisfaction experienced by me. My current broker has the good fortune to have a tremendous assistant who provides me with immeasurable help. My account was turned over to another broker in his office who lacks all, or most, of the professional expertise and willingness to help that I obtained with Doug. Unfortunately (for me, not him),he retired, a well-deserved event. He was always available and extremely well informed. He was terrific, always available, and very helpful with suggestions. My first broker, Doug Tyler, in the Dallas office. There are plenty of extremely qualified advisors and firms who genuinely care about their clients and providing expert and professional client service, unlike Andreadis.Ĭons: Very much individual broker dependent. I highly recommend not doing any business with UBS. I was completely disgusted, not to mention blindsided by his immature behavior. He obviously cares more about his financial bottom line than true client service. I wonder if this is his behavior toward all of his women clients. I find his behavior as an advisor toward a client rude, unprofessional, and dismissive. He also told me that he had agreed to only two meetings a year! So, not only did I not have a conversation about my portfolio in the current situation for which I had prepared, Andreadis lied to me and simply cut me off (he ended the phone call while his other advisor stayed on the line). Imagine my surprise when, at the beginning of the meeting, Andreadis told me that he was no longer going to be my advisor due to the extra meeting. Based on the evolving Ukrainian situation, I requested an additional meeting this month to discuss both upside and downside risks to my portfolio. We had our first quarterly meeting in early March. We had several meetings to set up the account and to get acquainted. We had agreed at the beginning of the year that we would have four quarterly meetings, along with another advisor on his team. I transferred to the Washington Wealth Management office of UBS at the beginning of the year. Cons: Shameful, Unprofessional, Rude Behavior
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