We offer both brokerage and investment advisory services and account types. We offer a wide range of investment products, including stocks, bonds, mutual funds, annuities, Exchange Traded Funds (ETFs), options, Certificates of Deposit (CDs), structured notes, alternative investments, and insurance products.

We also offer cash sweep services, margin lending and other lending and banking services provided by UBS Bank USA or our other affiliates.

One of the UBS Bank Sweep Programs will be your default sweep vehicle for end of day cash held in brokerage and/or investment advisory accounts unless you are not eligible. We and affiliates derive financial benefits from those deposits. You can instruct us to invest that cash in an investment product other than one of the UBS Bank Sweep Programs at any time. For detailed information please see the UBS Bank Sweep Programs Disclosure Statement at ubs.com/sweepyields.

Not all of our investment and financial products and services are available in both account types.

NOTE FOR INTERNATIONAL CLIENTS: The information in this document must be provided to you by law and is not a promotion of UBS’s products and services. Not all products and services are available to all non-US clients.

About our advisory services

As an investment adviser, our services include advising you on buying and selling investments, investment strategies and choosing investment managers. We offer both “nondiscretionary” and “discretionary” advisory services.

Each advisory program offers a menu of services and investments such as stocks, bonds, mutual funds, ETFs and savings deposits.

Non-discretionary advisory services You receive investment recommendations, account monitoring and reviews, but you make the ultimate decisions about your investments.
Discretionary advisory services We or a separate investment manager buy and sell investments and make other investment decisions on your behalf without asking you in advance. The type and extent of discretion will vary, depending on the advisory program you select and can include establishing an asset allocation and the selection of a separate investment manager. You also receive account monitoring and periodic reviews.

We act in our capacity as an investment adviser when we recommend that you open an advisory account, provide investment advice in your advisory account, recommend that you roll over or transfer assets from a retirement or other account to an advisory account, or provide financial planning services for a fee.

We will monitor your advisory accounts as appropriate and provide you with an annual review and performance report. You may request these reviews and reports more frequently. You can learn more about how we monitor your wrap fee program advisory accounts in Item 4 of the Wrap Fee Form ADV Brochure at ubs.com/formadv. (Form ADV is required to be submitted to the SEC and updated annually by registered investment advisers.)

To open an advisory account, you must meet certain investment minimums. Current account minimums and descriptions for each wrap fee program are described in Item 4 of the Wrap Fee Form ADV Brochure at ubs.com/formadv. Information about our advisory programs is also summarized in the “Advisory programs and financial planning services” section of Your Relationship with UBS at ubs.com/relationshipwithubs.

To learn more about our advisory programs, including requirements and limitations, please see the Investment advisory brochures at ubs.com/advisorydisclosures.

Brokerage vs. Investment Advisory Capacity
All recommendations regarding your brokerage account will be made in a broker-dealer capacity, and all recommendations regarding your investment advisory account will be made in an advisory capacity. Both capacities require that we act in your best interest. If we have not yet recommended an account type or you do not have an existing account with us, our recommendations would be made in both a brokerage and investment advisory capacity until we determine what recommendation(s) to make to you.

UBS FINANCIAL SERVICES

Head, Wealth Management Americas at UBS

Weehawken, NJ 07086

Jason Richard Chandler

Powered By