At a glance
- Recruiting loans fell nearly 7% to $1.44 billion.
- UBS's advisor headcount in the Americas was 5,601 at the end of September, down 3.1% year over year.
- For advisors weighing a move, retention and succession balances now exceed recruiting loans.
UBS Wealth Management USA's outstanding loans to financial advisors rose 13% year over year to about $3.1 billion from $2.75 billion, AdvisorHub reported, citing a third-quarter regulatory filing.
Succession and retention loans climbed almost 40% to $1.64 billion from $1.16 billion. Recruiting loans fell nearly 7% to $1.44 billion. UBS's advisor headcount in the Americas was 5,601 at the end of September, down 3.1% year over year.
For advisors weighing a move, retention and succession balances now exceed recruiting loans. Under Pathways, advisors can receive 100% of annual production in exchange for a commitment to remain with UBS through retirement.
Retention loans climbed as recruiting loans fell
UBS Wealth Management USA advisor loans and year-over-year change, third quarter
Reported by the Recruiting & transitions desk from AdvisorHub and UBS third-quarter regulatory filing. Published . Corrections