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UBS Global Asset Management launches Private Wealth Solutions Personalized Tax Management Overlay

Chicago Media Releases Americas

UBS Global Asset Management now offers a Personalized Tax Management Overlay (“PTM overlay”) for a selection of multi-asset portfolios (MAPs) on its Private Wealth Solutions (PWS) separately managed accounts (SMA) platform. As the latest product evolution on the PWS platform, the PTM overlay will consider a client's personal tax circumstances while applying a variety of tax management techniques in an effort to maximize the client's after-tax return.

To offer the PTM overlay, UBS Global Asset Management has integrated industry-leader Northfield's Tax Aware Multiple Account Rebalancing System (MARS) into its trading platform. Northfield President, Dan DiBartolomeo states “UBS is clearly committed to what we feel is a material improvement in the way that asset managers execute their value proposition to high net worth investors.”

MARS provides a sophisticated optimization engine to trade off risk, return and taxes at the individual account level in a highly scalable business model. This enhancement enables UBS Global Asset Management to manage an SMA using a client's personal tax circumstances, with the aim to maximize the client's after-tax returns.

“We are pleased to announce the latest evolution of Private Wealth Solutions with the launch of our Personalized Tax Management Overlay” said Mark Price, Executive Director, Managed Accounts Portfolio Solutions at UBS Global Asset Management. “With the aim of minimizing the difference between pre-tax and after-tax returns, we are able to deliver institutional-quality stock selection, asset allocation and trading within multi-asset separately managed accounts that are truly tailored for taxable private clients and their individual tax circumstances.” The PTM Overlay is available on 12 PWS MAPs for clients with assets of $2 million or more to invest at no additional management fee.

The Private Wealth Solutions (PWS) program leverages the nearly 30-year institutional heritage, time-tested investment process and proprietary investment expertise of UBS Global Asset Management. Multi-Asset Portfolios, designed with diversified, complementary investment styles and minimal security overlap, are sophisticated advisory accounts with the flexibility to meet a range of client risk/return needs.

UBS Global Asset Management is a large scale asset manager with well diversified businesses across regions, capabilities and distribution channels. We offer investment capabilities and investment styles across all major traditional and alternative asset classes. These include equity, fixed income, currency, hedge fund, real estate, infrastructure and private equity investment capabilities that can also be combined in multi-asset strategies.

Invested assets totaled some CHF 583 billion (EUR 393 billion, GBP 349 billion, USD 563 billion) as of December 31, 2009. The firm is a leading fund house in Europe, the largest mutual fund manager in Switzerland and the largest global hedge fund of funds manager. With around 3,500 employees, located in 25 countries, we are a truly global firm. Headquartered in London, our other main offices are in Chicago, Frankfurt, Hartford, Hong Kong, New York, Paris, Sydney, Tokyo, Toronto and Zurich.

Northfield is a market leader in providing investment professionals analytical and operating efficiency tools designed to enhance individual portfolio and firm-wide performance. Founded in 1985, Northfield has developed open, analytical models that seek to identify, measure and control risk. These risk models cover most marketable securities traded world-wide. Based upon sound investment theory, Northfield's products and services have stood the test of time from users within the global institutional investment community. With over 250 clients worldwide with offices in Boston, London and Tokyo, Northfield strives to be a preferred partner for institutional investors and asset managers.

Neither UBS Global Asset Management (Americas) Inc., nor any of its employees or affiliates, provides tax or legal advice. The PWS Personalized Tax Management Overlay may not be an appropriate product under all circumstances. Clients should discuss the Overlay with their personal tax and/or legal advisors regarding their unique circumstances.


Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing financial services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the leading bank for individual and corporate clients.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 36% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).