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UBS Faces $14.1B Outflow, Struggles to Stabilize Wealth Unit

3/20/2026

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Summary

Story summary

UBS Group AG (UBS) faces pressure in its U.S. wealth unit after a $14.1 billion outflow in Q4.
The adviser count fell to 5,772 by the end of 2025, with nearly 200 advisers lost.
Analysts say UBS will struggle to stabilize asset flows and profitability, despite CEO Sergio Ermotti's defense of the turnaround.
UBS aims for a 15% U.S. pre-tax margin, but ongoing issues keep investor concerns about wealth management.

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Story summary

UBS Group AG (UBS) faces pressure in its U.S. wealth unit after a $14.1 billion outflow in Q4.
The adviser count fell to 5,772 by the end of 2025, with nearly 200 advisers lost.
Analysts say UBS will struggle to stabilize asset flows and profitability, despite CEO Sergio Ermotti's defense of the turnaround.
UBS aims for a 15% U.S. pre-tax margin, but ongoing issues keep investor concerns about wealth management.