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UBS Faces Challenges in U.S. Wealth Management Revival

3/21/2026

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Summary

Story summary

UBS Group struggles to revamp its U.S. wealth management business after losing $14.1 billion in net new assets and nearly 200 advisers in 2025.
The U.S. pre-tax margin rose to 13%.
It remains below rivals and far from UBS's margins in Europe and Asia.
Analysts remain skeptical as UBS's shares have fallen nearly 21% this year, and investors await Swiss regulator capital requirements.

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Story summary

UBS Group struggles to revamp its U.S. wealth management business after losing $14.1 billion in net new assets and nearly 200 advisers in 2025.
The U.S. pre-tax margin rose to 13%.
It remains below rivals and far from UBS's margins in Europe and Asia.
Analysts remain skeptical as UBS's shares have fallen nearly 21% this year, and investors await Swiss regulator capital requirements.