UBS Wealth Management Americas reported $211 million in pre-tax profit for the second quarter on Tuesday, up 28% from the same quarter last year, as the division continued to grow its financial advisor headcount.
Pre-tax profit rose from $209 million in the first quarter of this year and from $165 million in the second quarter of 2011. Those results came as revenue climbed to $1.59 billion, up 1% from $1.57 billion last quarter and a 5% rise from $1.51 billion in the same quarter one year ago.
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