The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:UBS Kicks Off a Two-Year Platform Consolidation Project Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 13, 2015

UBS Kicks Off a Two-Year Platform Consolidation Project

Reported by Neil Anderson, Managing Editor

Jeff Miller and his team have recently begun a two-year platform consolidation process at UBS, with help from a Boston-based firm.

Jeff Miller
UBS Wealth Management
Managing Director, Head of Advice and Platforms
Miller and Marilee Ferone explained the platform consolidation vision in an interview with MFWire. Miller serves as managing director and head of wealth management advice and platforms for UBS Wealth Management Americas. Ferone, who reports to Miller, serves as head of the advisory solutions business for UBS WMA.

The platforms that will be consolidated include: Access, UBS WMA's single contract platform for separately managed accounts; MAC (managed account consulting), the wirehouse's platform for dual contract SMAs; MPF (managed portfolio funds), the mutual fund managed portfolio platform run by UBS WMA's own home office team; PMP (portfolio management program), the mutual fund managed portfolio rep-as-PM platform; and Strategic Advisor and Strategic Wealth Portfolio, UBS WMA's advisory programs that combine various investment product types.

Ferone confirms that UBS is teaming up with Vestmark to create "a unified advisory platform." The project, she says, is a "direct response" to feedback from FAs and investors and has been a long time coming. Now it's in the "first phase of implementation" of a shift that "establishes a foundation for change ... going forward."

"The timing had to be right," Ferone tells MFWire. "We wanted to be sure that we went with the absolute right partner."

The UBS folks are calling the theoretical end product of this process a "unified investment solution"; there's no fancy platform branding just yet.

"Advisors don't talk about the program names," Ferone says. "They talk about the client profile and what they need to do for the client."

As for Vestmark, Ferone says UBS selected the Boston-based shop after a "very detailed, multi-year investigation."

"Vestmark is a leading provider of portfolio management and trading systems," Miller tells MFWire. "We've been consistently impressed with their team and their capabilities and the flexibility around their platform." 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use