UBS Financial Services Inc. and MAUS Business Systems Announces a Partnership to leverage the MAUS Software in the Business Owner Exit & Succession Planning space.
The new partnership will leverage UBS’s national footprint of financial advisors in the USA and the MAUS cloud platform to better serve businesses and their owners.
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MAUS Business Systems; UBS Financial Services Inc.
DATE, 2019, 07:30 ET
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SYDNEY, 20th September 2019 / — UBS Financial Services Inc. today announced a partnership with MAUS Business Systems, a leading online provider of exit & succession planning advisory tools. The MAUS Software platform will allow a select group of UBS financial advisors in the US arm of its Global Wealth Management business, to educate business owners on the need to prepare an Exit & Succession plan especially in the baby boomer segment.
By most accounts, Baby Boomers are increasingly ready to exit their businesses. 57% of business owners in this group intend to retire in the next five years, and 76% intend to retire within the decade. Considering that business owners have approximately 70% of their assets tied in their business, there is an opportunity to help them maximize their wealth as they go through their transition.
The MAUS software platform is designed to help a business owner prepare themselves and their business for a sale or transition to the next generation of ownership. It starts with an assessment of the areas that need to be addressed and then sets a gap analysis and an action plan for the business owner to work through in conjunction with other advisors.
James Jack, Director of the Business Owner Strategic Client Segment at UBS Financial Services Inc. said: “Our advisors support business owners before, during and after selling a business. We believe MAUS can be an incredible resource for our advisors with access to the MAUS platform helping us to deliver highly tailored advice to our clients.”
“UBS is one of the most recognizable and prestigious names in the wealth management industry and we are proud of our relationship.” Says Peter Hickey, CEO and founder of MAUS. “Research indicates that Business Owners are just not prepared for what could be the biggest financial event of their life, with many owners regretting the decision to exit within 12 months. With a significant amount of business owner wealth expected to transition over the next decade, we are excited about our partnership with UBS to enable a far better educational reach across North America.”
MAUS is a leading provider of business exit & succession planning software, that has supplied software and services across its range to over 60,000 businesses and over 10,000 advisors around the world.
Notes to Editors
About UBS Global Wealth Management
As one of the world’s largest wealth managers, UBS Global Wealth Management provides comprehensive advice, solutions and services to wealthy families and individuals around the world. Clients who work with UBS benefit from a fully integrated set of wealth management capabilities and expertise, including wealth planning, investment management, capital markets, banking, lending and institutional and corporate financial advice.
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS’ strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.
UBS is present in all major financial centers worldwide. It has offices in 52 countries, with about 34% of its employees working in the Americas, 34% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 14% in Asia Pacific. UBS Group AG employs approximately 61,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). www.ubs.com
MAUS Business Systems is an award winning, leading publisher of software. MAUS continues to deliver software solutions which have been developed for over 20 years and have won numerous awards. MAUS has supplied software to more than 60,000 small to medium sized businesses and over 10,000 Advisors and Consultants around the world.
MAUS Business Systems and UBS Financial Services Inc. are not affiliated.
© UBS 2019. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.