UBS Rich Clients Get Goldman, Pimco Strategies With No Extra Fee - BNN Bloomberg
UBS Group AG is giving wealthy clients the option to invest in equities and fixed-income strategies run by outside managers without charging additional fees.
Rich customers can have access to firms including Goldman Sachs Group Inc.'s asset-management unit, Pacific Investment Management Co. and Invesco Ltd., UBS said Tuesday in a statement. So-called separately managed accounts drove $9 billion of flows into the Swiss bank's asset-management arm in the first quarter.
