UBS reinstating wealth planning analysts amid industry recruiting woes - Business Insider

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UBS is bringing back a junior analyst role in its wealth management arm as the industry grapples with recruiting fresh talent

is bringing back its wealth planning analyst role next year, according to an internal memo sent to financial advisers on Tuesday and reviewed by Business Insider.

Chandler said that the move was in response to hearing feedback from advisers, and that the unit's hope was to dedicate more resources to support planning and technology needs of high- and ultra-high-net-worth clients. Merrill Lynch is grappling with the same industry trends. Financial-advisers-in-training at Bank of America's wealth-management arm who exit the trainee program without becoming full-fledged advisers are more commonly transitioning to different roles within the firm instead of leaving altogether,Other changes are afoot for UBS next year in its US wealth management business.

 

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