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UBS Expects Advisor Attrition Due to Pay Cuts
News February 06, 2025 at 01:45 PM
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What You Need To Know
- The wirehouse's revamped incentive structure reduces payouts for advisors with production under $750,000.
- The new structure is intended to boost pay for advisors who are aligned with the firm's strategy, CFO Todd Tuckner says.
- The changes will create a headwind for net new assets in coming months, he says.
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