UBS Boosts Payouts for US Wealth Advisers to Stem Defections (1)

UBS Group AG is raising the payouts earned by its wealth advisers in the US, with the aim of retaining and hiring personnel at a time of intense competition for talent.

Earlier this month, the Swiss bank announced internally that it would increase rewards for the several thousand wealth advisers in the US, according to people familiar with the matter, who asked not to be identified discussing internal business decisions.

In a presentation, Rob Karofsky, co-head of Global Wealth Management, and Michael Camacho, head of US Wealth Management, detailed the following changes to take effect Jan. 1: ...