UBS Experiences Surging Inflow of Funds in Late March

In late March, UBS’s Global Wealth Management Unit saw an influx of new client money. This was a welcome change for the company following its forced merger with Credit Suisse on March 19. The surge in funds is thought to be partly due to investors seeking out safe havens during the coronavirus pandemic and global economic downturn.

UBS has been working hard over the past few weeks to ensure that clients have access to their accounts and can manage their investments safely and securely during this time of uncertainty. They have also taken steps, such as offering more digital services, introducing new products, expanding existing ones, and increasing customer service staff levels, to meet this increased demand from customers who are looking for reliable financial advice or assistance with managing their portfolios.

The increase in client money is seen as a positive sign by many analysts who believe it could help stabilize UBS’s finances after its merger with Credit Suisse earlier this year, which had caused some concern among shareholders about how well the two companies would integrate financially speaking going forward into 2021 and beyond. It appears that despite these worries there has been strong support from both current clients as well as potential new ones when it comes to investing through UBS’s Global Wealth Management Unit at least so far despite all of today’s challenges.