Smaller investors who want to open an account with UBS Wealth Management have a number of options. They can put their money into a UBS Managed Portfolio, where minimum account size can be as low as $5,000.
Considering this, how much does UBS charge for wealth management?
UBS and/or its affiliates receive investment management, distribution and service fees of up to 0.60% on investments in the money market funds offered as sweep options. UBS l Asset Management receives up to 0.45% for investment management fees.
Secondly, how much money do I need to hire a wealth manager? Brokerage firms usually require account minimums of at least $2 million, $5 million or even $10 million just to qualify for their wealth management services. That’s a pretty high price of admission! But you don’t need to have millions of dollars sitting in your investment accounts to get some financial help.
Moreover, what is the minimum investment for Goldman Sachs?
$100 million