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UBS Review (2026): Fees, Fiduciary Status, and Minimum

Guides › Financial Advisor Fees

Updated September 18, 2026. Quick answer: UBS is registered with the SEC as both a broker-dealer and an investment adviser. Per its own current fee brochure, a $500,000 account would run $12,500 a year under its published fee schedule; the minimum to open an account is $25,000 for Portfolio Management Program (PMP). Already a client and thinking about leaving? Budget $95 account transfer. Is it a fiduciary? Yes, when it is acting as your investment adviser; when the same representative acts as your broker-dealer instead, the applicable standard is best-interest, not fiduciary, and its own Form CRS states representatives can earn commissions in that capacity.

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UBS at a glance

FactWhat UBS’s own pages say
Legal entityUBS Financial Services Inc.
RegistrationUBS Financial Services Inc. is registered with the US Securities and Exchange Commission (SEC), both as a broker-dealer offering brokerage services and as an investment adviser offering investment advisory services.
Fee on a $500,000 account$12,500 a year, per its own current brochure
Minimum to open an account$25,000 for Portfolio Management Program (PMP)
Cost to leave (exit fee)$95 account transfer

What UBS’s own fee schedule charges

“UBS Investment Advisory Fee Schedule, Maximum Fee: All Assets and strategy types (Equity, Balanced and Fixed Income Accounts): 2.50%.”

UBS’s core retail advisory programs (Portfolio Management Program, Advisor Allocation Program) disclose a flat 2.50% maximum, negotiable rate rather than a published breakpoint table. UBS does publish a genuine tiered dollar schedule for Institutional Consulting, but that program requires a $5,000,000 minimum and is not representative of a typical account.

Account balanceAnnual fee
$250,000$6,250
$500,000$12,500
$1,000,000$25,000
$2,000,000$50,000

See the full breakdown, including how the figure is calculated, on UBS’s own fee page.

Is UBS a fiduciary?

UBS Financial Services Inc. is registered with the US Securities and Exchange Commission (SEC), both as a broker-dealer offering brokerage services and as an investment adviser offering investment advisory services.

“Both capacities require that we act in your best interest. … When we provide you with a recommendation as your broker-dealer or act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”

Depending on the investment you select, these fees and costs can include: Up-front commissions (which our Financial Advisors are permitted to discount).

Full detail, including the exact registration type and source: UBS’s fiduciary status, explained.

The minimum to open an account

“$25,000 in eligible assets”

$25,000 for Portfolio Management Program (PMP). See the full minimum-investment breakdown, including what that minimum would cost per year, on UBS’s minimum investment page.

What it costs to leave

UBS prices the account transfer at $95, a figure the firm has published since at least 2020, plus a separate $125 annual IRA fee ($100 with e-delivery) if you are closing a retirement account rather than moving it whole.

Full mechanics, sources, and the ACATS transfer process: how to leave UBS.

What we would compare it against

Before you decide, run the numbers against another firm using the financial advisor fee comparison, or price the dollar cost of any percentage fee over time with the Financial Advisor Fee Calculator and the Fee Drag Calculator.

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Sources

Methodology. This page was built September 18, 2026, drawing directly on UBS’s own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary, minimum-investment, and (where one exists) how-to-leave pages for the same firm, each independently sourced when it was built. Any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading UBS’s own Form ADV Part 2A and Form CRS. We have not used UBS as a client. UBS did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.

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