UBS Retirement Plan Services
$41 trillion new growth frontier within reach
For advisors looking to expand their client base, finding a firm that offers new avenues of growth is key. With changes in the way people work and live over the past several years, the workplace stands as the new frontier of business growth. UBS makes it easier for financial advisors to tap into this growing market with a dedicated business division—Workplace Wealth Solutions (WWS).
For advisors looking to expand their client base, finding a firm that offers new avenues of growth is key. With changes in the way people work and live over the past several years, the workplace stands as the new frontier of business growth. UBS makes it easier for financial advisors to tap into this growing market with a dedicated business division—Workplace Wealth Solutions (WWS).
As part of UBS’s innovative business model, WWS partners with UBS Advisors to acquire and manage retirement plan sponsor clients. We help ensure that fiduciary obligations owed to a plan as a financial advisor are met, whether or not the particular Advisor has specialized retirement plan accreditation.
WWS collaborates with corporate clients to deliver customized solutions for programs such as financial wellness, retirement, equity plans and institutional consulting. Offering business-to-business as well as business-to-client services, WWS is one of the largest sources of wealth management referrals at UBS today.
See a short video about UBS Workplace Wealth’s referral engine
See a short video about UBS Workplace Wealth’s referral engine
A rewarding collaboration
This is what a recently joined UBS Financial Advisor from our NYC office discovered when he recently joined UBS and inherited a $25 million retirement plan client from a retiring colleague. While Sanders had a wealth of experience in other areas of financial advising, he was new to retirement plan solutions and didn’t want to risk losing this client—so he reached out to our Retirement Plan Services (RPS) team.
Together with the RPS Sales and Service team—an in-house support team part of our broader Workplace Wealth Solutions group—the Advisor was able to retain the client by reducing costs and providing a greater range of plan investments. “Due to the level of service, I was able to retain the account without needing to be individually accredited in retirement solutions,” he explains. ”This team handles the day-to-day plan servicing and I share in the revenue. It’s a beneficial partnership built into your move to UBS. This is now where I’m focusing my business growth.”
UBS offers a built-in partner for solutions and expertise around retirement planning.
A market with exponential growth
Employees are increasingly looking to their companies for help with everything from retirement to financial wellness to equity awards management. With the passage of the SECURE 2.0 Act of 2022 and an increasing number of state mandates for retirement plan coverage across the US, the retirement business is positioned to grow exponentially in coming years. Legislation and local mandates are aimed at closing the retirement “coverage gap”—two-thirds of Americans don’t have the opportunity to save for retirement due to lack of access to company retirement plans.1 Click below to listen to the podcast interview on the retirement plan market:
Today, the total retirement market in the US has reached $41 trillion, with $7 trillion in 401(k) plans—a number expected to triple in the next five years due to the recent legislation.2
Two ways to expand your business
Our Workplace Wealth Solutions team positions UBS Advisors to acquire and maintain retirement plan sponsor business accounts. The RPS Sales & Service team acts as your built-in partner, offering as many or as few resources as you need while setting up and managing your client’s retirement plan.
Together, we work with you to offer investment fiduciary services tailored to your client’s specific needs, whether that’s simply consulting services or custom discretionary and non-discretionary advisory programs.
If you want to grow your wealth management business, consider growing your retirement plan business.
UBS looks to expand your book of business in two ways:
- By enabling you to add new business clients to your portfolio and then providing appropriate products and solutions to those accounts.
- By providing support that empowers you to engage with the employees of these companies and support their financial well-being goals.
This unique opportunity doesn’t just allow UBS Advisors to build and grow their retirement business, but they can also reap the dividends the new plans create. Plus, you have access to resources from one of the world’s leading wealth managers, including the Wealth Advice Center for clients with under $1 million in investable assets.
Flexibility in how you work with us
More business eyes are on retirement plans than ever before, and UBS can support you. If you want to start to specialize in retirement plans, we can guide you by providing access to training materials and professional courses. If you don’t prefer to specialize in retirement plans, we’ll continue to partner with you. UBS Advisors enjoy continuous educational support and resources from the team, including digital resources and webinars.
If you’ve been considering moving and expanding your business, UBS’s comprehensive retirement solutions team is just one of the myriad benefits you’ll enjoy. Get in touch with a field leader or request a live consultation to learn more about UBS’s unique services and benefits firsthand.
See a short video highlighting the UBS Retirement Plan Services offering
See a short video highlighting the UBS Retirement Plan Services offering
To learn more about joining one of the world’s leading global wealth managers, submit your contact information to be connected with a Field Leader.
To learn more about joining one of the world’s leading global wealth managers, submit your contact information to be connected with a Field Leader.
