Assets Up at UBS Wealth Management Americas

NEW YORK–Robust market performance helped to boost invested assets per adviser in UBS AG’s (UBS, UBSN.VX) Wealth Management Americas unit for the first quarter.

But even with more money to manage, revenue for the unit still declined during the first three months of the year.

At UBS Wealth Management Americas, invested assets increased by $48 billion to $891 billion from the fourth quarter. The company attributed about $39 billion of that increase to positive market performance and the rest to strong inflows. Invested assets per adviser rose to $126 million, up 5% from $119 million …

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Tuesday, April 30th, 2013 EN

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