No commissions, no ads, no advice. UBS Wealth Management files as a dual registrant with more than a million client accounts, so this profile focuses on what those filings say about fees, ownership and capacity, with each source linked.

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1. Check the SEC adviser record. Open the SEC's IAPD record for UBS Wealth Management (CRD #8174) and confirm its registration.

2. Read the filings. Review the Form ADV / Form CRS and any disclosure section linked from the IAPD page.

3. Confirm the entity. Match CRD #8174 / UBS Financial Services so you're reading the right firm.

The short answer: is UBS Wealth Management a fiduciary?

Yes. UBS Wealth Management is a fiduciary when it acts as your investment adviser, and it reports $915.8 billion in regulatory assets under management, according to its Form ADV (2026). Publicly, it files with the SEC as UBS Financial Services (CRD #8174). As of its latest Form ADV (filed August 25, 2026), the firm reported $915.8 billion in regulatory assets under management (a firm-reported figure). Its Form ADV (Item 5.E) lists how it is paid: a percentage of assets under management, hourly charges, fixed fees, commissions, and other.

Its Form ADV also reports that the firm itself is registered as a broker-dealer, and brokerage accounts fall under Regulation Best Interest instead. Ask which capacity covers each of your accounts. The firm must tell you.

Our take: at a dual registrant this size, the fiduciary answer is settled account by account, not firm-wide. Our recommendation is to ask your UBS advisor to label each of your accounts as advisory or brokerage, in writing, before you review anything else.

What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)

UBS Wealth Management at a glance

✅ Verified from public filings, last checked October 5, 2026. UBS Wealth Management (SEC CRD #8174) is a fiduciary when acting as your adviser, on a fee-based basis, with $915.8 billion in regulatory assets under management. Every figure below links to its primary source.

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UBS Wealth Management fees: what you'll pay

Is UBS Wealth Management fee-based? Yes. Here's what UBS Wealth Management charges, and where those fees come from. The firm is fee-based: alongside advisory fees, its Form ADV (Item 5.E) reports commissions among its compensation.

For a UBS client, that five-part list matters more than the label. An hourly or fixed planning fee, an asset-based advisory fee and a commission on a product purchase can each land on a different account. Ask for the Part 2A fee schedule and set it beside the account types you hold. For context on how other pricing models compare, see Fee-only financial advisor: costs and how to find one and Are you paying too much? Why that might be the wrong question.

Fee-based means a firm can be paid two ways: client advisory fees, and commissions on products.

Who owns UBS Wealth Management, and what conflicts does it disclose?

The UBS Wealth Management ownership picture is on file with the SEC. UBS Wealth Management is owned by UBS Americas Inc., as listed in Schedule A of its Form ADV. (Form ADV Schedule A)

Its Form ADV Part 2A describes the firm's conflicts of interest, including how it and its advisers are paid.

UBS Wealth Management SEC record: disclosures

To check UBS Wealth Management's regulatory record, start with the firm's own filings. UBS Wealth Management's Form ADV answers Yes to one or more disciplinary-history questions. A disclosure can be a regulatory, civil or criminal matter involving the firm or a related person. Read each item in context on IAPD before drawing conclusions. To find them, open the Disclosures section of the firm's IAPD page and read each matter's description, date and resolution.

According to IAPD, it has been registered with the SEC since January 22, 1971, makes notice filings in 50 jurisdictions, and reports 12,524 employees, 9,149 of them (about 73%) in investment advisory roles. Is UBS Wealth Management legit? Its registration, CRD and filings are public and verifiable, which indicates it's a real, regulated adviser. The part worth your time is what you're paying and earning.

Reading UBS Wealth Management reviews against the public record

Star ratings and client comments describe what working with a firm felt like. They rarely show what a firm the size of UBS reports to regulators. Before you weigh UBS Wealth Management reviews, check three things from its filings. First, how it is paid: advisory fees plus commissions, which makes it fee-based. Second, that UBS Americas Inc. owns it, and what conflicts Part 2A discloses. Third, the Yes answers on its disciplinary questions. With more than a million accounts on file, a few dozen reviews describe a very small sample. Read reviews alongside the record, not instead of it.

How to verify UBS Wealth Management yourself

You can verify everything above yourself in three steps:

1. SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/8174.

2. Form ADV / CRS: linked from the IAPD page.

3. Confirm the entity: match UBS Wealth Management (CRD #8174, legal name UBS Financial Services) so you're reading the right firm.

To compare UBS against other firms, the Truthifi /advisors hub lists the fact packs in this series.

What UBS Wealth Management does and who it serves

On its Form ADV, UBS Wealth Management reports providing financial planning, portfolio management for individuals, small businesses and institutions, pension consulting, selection of other advisers, newsletters, security ratings/pricing, and educational seminars.

It reports providing financial planning to about 1,000 clients in its last fiscal year (Form ADV Item 5.H), a count the form keeps separate from the client totals below.

Its Form ADV (Item 5.D) breaks its clients down by type:

It reports 1,144,309 client accounts, 410,763 discretionary (the firm can trade without seeking your approval first) and 733,546 non-discretionary (Item 5.F). These are separate measures on the form. Item 5.F counts the accounts behind regulatory assets under management, while Item 5.D counts clients by type, so the client-type rows above are not meant to reconcile to the account figure. Read them side by side, not as one total. Its main office is in Weehawken, NJ.

What the mix shows. High-net-worth individuals make up 853,775 clients and $714.55 billion, roughly 78% of the $915.8 billion total, according to Item 5.D. Meanwhile about 64% of accounts are non-discretionary, so on most UBS accounts the firm needs a client's approval before it trades. On those accounts, the trades on your statement are ones you approved, and the commissions attached to them are worth reading line by line.

It reports that it or a related person has custody of certain client assets, which brings extra safeguards such as surprise examinations. The specifics are in its Form ADV.

One thing the filings can't show is how your own accounts split between discretionary and non-discretionary. That split, more than any firm-wide total, decides whose judgment drives your trades, so it's a question to put to your UBS advisor directly.

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You've vetted the firm. Now make sure the advice runs on the full picture.

Confirming UBS Wealth Management is registered takes a few minutes. Any advisor can only act on what they can see, and what they see is partial: scattered accounts, an old rollover, costs that never surface on a statement. This is where Truthifi comes in.

How Truthifi can help

Truthifi links your accounts read-only and shows what you own, how it's allocated, how it's performing and where the risk sits, including single-stock exposure, returns next to a benchmark, a fee breakdown of the fees on each account, by type, and your Truthifi Score. You can share the accounts you choose with your advisor at UBS Wealth Management.

Prefer your own AI? A paid Truthifi plan lets you connect an AI assistant that supports MCP sign-in, such as Claude. Truthifi Connect is the lighter membership for people who only want to use their own assistant. Asking about your fees requires Monitoring or Monitoring Plus+; the pricing page sets out what each plan includes and costs.

Ask AI about your UBS Wealth Management accounts

Once your accounts are connected read-only, you can ask in plain English:

• "What do I own across my UBS Wealth Management accounts and everything else, and how is it allocated?"

• "What am I paying in fees on each of these accounts, by type?"

Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).

No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free. Per Truthifi platform data, you can link up to 10 connections. Plans and limits are on the pricing page → truthifi.com.

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FAQ

Is UBS Wealth Management a fiduciary? Yes, when acting as your adviser. Its Form ADV reports that it is also a broker-dealer, and brokerage accounts fall under Regulation Best Interest instead. Ask which capacity covers each of your accounts.

Is UBS Wealth Management fee-only? No, it's fee-based. Its Form ADV (Item 5.E) reports commissions among its compensation, alongside advisory fees. The fee schedule and conflicts are in its Form ADV Part 2A.

Who owns UBS Wealth Management? UBS Wealth Management is owned by UBS Americas Inc., as listed in Schedule A of its Form ADV.

Does UBS Wealth Management have complaints or disclosures? Yes. Its Form ADV answers Yes to one or more disciplinary-history questions. Read each item on IAPD, in context. A disclosure is not by itself proof of current wrongdoing.

Is UBS Wealth Management legit? UBS Wealth Management is registered with the SEC (CRD #8174) and its filings are public on the SEC's IAPD site, which indicates it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.

Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. You can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.

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About this profile

Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.

Read next from the Truthifi blog

• What is a fiduciary?

• Fee-only financial advisor: costs and how to find one

• Are you paying too much? Why that might be the wrong question

• How to ask AI about your real investment accounts

• Robo-advisor vs. human financial advisor: which is better?

• All advisor fact packs on Truthifi

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A note on sources. The facts on this page come from publicly available documents, UBS Wealth Management's SEC and FINRA filings, each linked inline so you can verify it yourself (SEC data current as of October 5, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with UBS Wealth Management. Regulatory records change, so always confirm against the official sources linked above. Spot something that should be corrected? Email us at support@truthifi.com.