UBS Global Wealth Management US has appointed Jeff Miller as a financial advisor in its Bellevue, Washington office, bolstering its Pacific Northwest footprint. Miller, who brings over 18 years of wealth management experience from Morgan Stanley in Kirkland, will lead The Miller Group alongside Registered Client Associate Diana Mendoza, Client Relationship Manager Kelley Miller and incoming Wealth Strategy Associate Laura Besaw. Collectively, the team advises high-net-worth families, entrepreneurs and corporate executives on personalized, goal-based planning and disciplined portfolio management, leveraging UBS’s global investment resources and autonomy for advisors.

UBS announced that its U.S. wealth management franchise has received conditional approval toward obtaining a national bank charter from U.S. regulators. This milestone paves the way for UBS to consolidate its federal and state trust and banking entities under one chartered institution, enhancing its ability to offer deposit, lending and payment services directly to clients. Executives expect final approval in mid-2026, which would mark UBS’s first U.S. national banking license and allow the firm to integrate approximately 50 existing branch locations and $200 billion in retail deposits into a unified platform.

As of Q3 2025, UBS managed $6.9 trillion in invested assets and served clients in more than 50 markets, underlining its position as the world’s largest wealth manager. The firm reported a 6% year-over-year increase in fee-based revenues in the U.S. during the first nine months of the fiscal year, driven by new net money inflows of $20 billion and sustained client demand for diversified asset allocation. UBS’s universal banking model in Switzerland and focused investment banking capabilities also contributed to a 12% rise in operating profit in its Global Wealth Management division, reinforcing its capacity to support advisor autonomy and deliver personalized advice at scale.