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UBS Advice Advantage

in Investment Advisors from UBS Financial Services Inc

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UBS Advice Advantage

Unaffiliated

in Investment Advisors from UBS Financial Services Inc

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Highlights
Highlights
Minimum Account $10,000
Management Fee 0.75%

UBS Advice Advantage Review

UBS Advice Advantage was founded in 1998 and is based in New York, NY. It is a Registered Investment Adviser or RIA. RIAs have a fiduciary duty to work in your best interest. UBS Advice Advantage is not tied to a particular company or product and can therefore offer unbiased investment advice.

What fees does UBS Advice Advantage charge?

UBS Advice Advantage uses a fee-only model.

This means UBS Advice Advantage gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.

UBS Advice Advantage Fees
Description
Annual Fee N/A
Monthly Fee $0 - $95
Management Fee 0.75%
Fee Based? Yes
Account Transfer Fee Starting at $95
Account Termination Fee N/A
Investment Expense Ratios 0.14% - 0.63%
IRA Annual Fee $75 - $150

What management fees does UBS Advice Advantage charge?

UBS Advice Advantage charges an annual management fee that starts at 0.75% and ranges up to 0.75%.

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of UBS Advice Advantage?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

UBS Advice Advantage charges an investment expense ratio that starts at .14% and ranges up to .63%.

What features does UBS Advice Advantage offer?

Access to human advisors: Robo-advisors are great at keeping costs down and helping investors with modest balances make good investment choices. However, it is also nice to have access to human financial advisors when you need them.

Automatic rebalancing: Having a good balance of investments is important. But a well-balanced portfolio is not something you can set up and forget. Markets are constantly changing and can easily throw your portfolio out of balance. UBS Advice Advantage allows you to rebalance your investments back to your target asset allocation at set intervals.

Full-service brokerage: UBS Advice Advantage provides access to a wide selection of financial advice and products, such as facilitating trades, managing portfolios, and wealth management services.

UBS Advice Advantage is registered with the Securities and Exchange Commission, or SEC. Registered investment advisors are required to provide detailed information on the financial and legal status of the company and its staff. This allows investors to examine closely any conflicts of interest and look into the background of the company and its advisory team.

What type of investment accounts and asset classes does UBS Advice Advantage support?

UBS Financial Services Inc offers the following types of assets and account types.

Accounts Supported Options
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • SEP IRA
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Rollover IRA
  • Trusts
  • Custodial Accounts

These are the investment options UBS Financial Services Inc offers its clients.

Investment Choices Options
Supported Options Unsupported Options
  • Stocks
  • Mutual Funds
  • Bonds
  • Real Estate
  • International Stocks
  • ETFs
  • Options
  • FOREX
  • Futures
  • Pink Sheets / OTCBB
  • Startups
  • Marketplace Loans
  • Cryptocurrencies

What is the minimum amount you have to invest to open an account with UBS Advice Advantage?

The minimum amount to open an account with UBS Advice Advantage is 10000.

How does UBS Advice Advantage compare to other investment advisors?

The Good The Bad
  • Trades in low-cost ETFs.
  • Access to human advisors.
  • Tax-loss harvesting available.
  • Wide selection of investment options.
  • Broad selection of account types.
  • Competitive investment expense ratios.
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 7:30pm
  • Tuesday 8:30am - 7:30pm
  • Wednesday 8:30am - 7:30pm
  • Thursday 8:30am - 7:30pm
  • Friday 8:30am - 7:30pm
  • Saturday Closed

Other Services by UBS Financial Services Inc

Feature Breakdown

Account Transfer Fee Starting at $95
Fee Based  
IRA Annual Fee $75 - $150
Investment Expense Ratios 0.14% - 0.63%
Monthly Fee $0 - $95
Management Fee 0.75%
Minimum Account $10,000
Accounts Supported
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • SEP IRA
  • Traditional IRA
Automatic Rebalancing  
Independent/Registered Investment Advisor  
Investment Features
  • Access to human advisors
  • Automatic Rebalancing
  • Daily Tax-loss Harvesting
  • Full-service Brokerage
  • Registered Investment Advisor
  • SEC Registered
Software Managed  

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