UBS Ditching Quarterly Performance Reports for Wrap Fee Programs

UBS’ efforts could indeed help fight off short-termism and could be a good thing for the wealth management industry, since switching out manager products and strategies is costly, says Neil Bathon, founder and partner of Fuse Research Network. A lot of firms are not patient enough to see a manager through during times of underperformance.

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Article Published on April 15, 2019