UBS Wealth Management Americas trended higher in the second quarter as fee revenue boosted results and productivity per advisor topped $1 million for a second time this fiscal year.
The firm improved on records set in the first quarter as revenue in the division rose to $1.792 billion, up 3% from the previous quarter and 13% from $1.587 billion in the second quarter last year. Similarly, earnings jumped to $258 million, up from a prior record of $251 million in last quarter and up 21% year-over-year.
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