Displaying items by tag: UBS

Friday, 20 January 2023 08:33

UBS Advisors Jump Ship to Rockefeller

Rockefeller Capital Management recently announced that it has nabbed a team of advisors from UBS. Ladage, Smith, Garcia Wealth Partners joined Rockefeller Global Family Office in Austin, Texas. According to the company, this marks Rockefeller’s first private advisor team to be headquartered in the city. The team is led by managing directors and private advisors Alex Ladage and Landon Smith, and also includes senior vice president and private advisor Jorge Garcia, as well as senior client associates Monica Vallejo and Carl Pavlich. Ladage started his career in 2001 at Merrill Lynch and joined UBS in 2009. Smith began his career in 2003 at Edward Jones. He moved to Merrill in 2005 and joined UBS in 2009. According to Forbes, Ladage’s team managed $1.4 billion as of April 2022. Christopher Dupuy, co-president of Rockefeller Global Family Office, said the following in a press release announcing the move, “As we’ve expanded the reach of Rockefeller across the United States, we see significant opportunity to deliver premium and differentiated wealth management services to clients and prospects in Greater Austin and beyond.” In September, Rockefeller CEO Greg Fleming told Reuters that the company aims to more than double its assets under management over the next three to five years.


Finsum:With Rockefeller Capital Management looking to increase its assets under management by more than double over the next few years, the firm lured a $1.4 billion advisor team away from UBS.

Published in Wealth Management
Wednesday, 25 August 2021 19:37

UBS Sends a Stark Warning to Equity Investors

(New York)

UBS just put out a very interesting warning to a large segment of the equity market. As part of their overall market outlook update, UBS explained their view on earnings and the direction of the S&P 500. There are two very notable points they made. Firstly, and most importantly, they reminded investors to stop fretting over valuations. In their words “While valuations are higher than average, we remind investors that valuations have no correlation with market returns over time horizons less than three years … And valuations typically don't contract meaningfully unless investors are concerned about a sharp growth slowdown or a policy error by central banks. And secondly, they think the S&P 500 will rise 11.5% by the end of 2022.


FINSUM: This is a brilliant reminder—equity valuations mean very little and are more a reflection of macro outlook than a concern in their own right.

Published in Eq: Total Market
Friday, 16 July 2021 16:55

Why This Earnings Season is a Big Threat

(New York)

Earnings are beginning to roll in for Q2 for many US companies. The expectations…see the full story on our partner Magnifi’s site.

Published in Eq: Total Market
Wednesday, 24 February 2021 16:45

Top Asset Manager Makes All Funds ESG

(New York)

ESG has been getting more and more mainstream, and yesterday it likely took the final hurdle to major acceptance...View the full story on our partner Magnifi’s site

Published in Eq: Total Market

(New York)

Right now there is a big problem in earnings forecasts. UBS points out that many Wall Street analysts have been very slow to update their earnings estimates in the growing coronavirus lockdown. As such, the current spread between estimates and what actual earnings are likely to be is very wide. This often happens in crises, as analysts await more info and data before updating estimates, but it also generally means there is a much greater chance for volatility as earnings releases approach.


FINSUM: We expect that as Q1 earnings reporting approaches in the next few weeks, there will be some big attention-grabbing downward revisions, which could bring on additional bouts of downside-oriented volatility.

Published in Eq: Total Market
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