Client Perspectives

A UBS client, living in Argentina, was the owner of a highly successful family business that he inherited from his father, who also inherited it from his father over 60 years ago. His daughter, a very conscientious student, was accepted into a prestigious graduate program at a leading University in New York. As a result, he wanted his investments to be able to provide a source of funding for her while she was pursuing her academic studies. Working with his UBS Client Advisor, they set up an account for his daughter in New York that considered the family's tax and currency needs. The Client Advisor used the account to structure a U.S. dollar-denominated loan to fund the purchase of an apartment. Not only was the account and corresponding loan structured in a tax-efficient manner, but the UBS Real Estate Advisory Team was brought in to help her find the perfect apartment in New York.