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UBS Advisor David Schachter Receives Designation to Advise Clients in Sports and Entertainment Industries

By: via Business Wire

UBS Private Wealth Management announced today that David Schachter, a Financial Advisor in Los Angeles, California, has earned the Athletes and Entertainers Consultant (“AEC”) designation at UBS.

David is a Forbes/SHOOK Research Best-in-State Wealth Advisor and leads the Endurance Artist Management team at UBS Wealth Management USA. David and his team provide sports and entertainment clients with clear insights and a complete picture of their financial situation, focusing on tax-efficient investing, asset allocation and the transfer of wealth between generations. They work with top artists, songwriters, music producers, directors, showrunners, digital talent, and executives with profound influence in Hollywood.

“I’ve dedicated my entire career to navigating the unique financial situations and intricate challenges that athletes and entertainers are faced with,” said David. “Wale has done an incredible job building this specialized segment that caters to individuals in these industries and I’m honored to be part of this dedicated group of wealth advisors.”

UBS launched its Athletes and Entertainers Strategic Client Segment in 2019, to provide holistic financial advice and guidance to clients across sports and entertainment industries. The segment is led by former professional football player, Adewale (“Wale”) Ogunleye, who works to deliver the best advice and guidance the firm has to offer to athletes and entertainers through a select group of Financial Advisors dedicated to serving their complex and unique needs. David is one of 32 advisors at the firm in the US to receive the AEC designation.

“We are amidst an exciting and pivotal time in sports and entertainment, so it’s crucial that seasoned and focused experts like David help athletes and entertainers navigate the unknowns and intricate challenges that come with being a professional athlete,” said Wale. “It’s great that David has received his AEC Designation. The value and insight he’s provided over the years to professional athletes and entertainers alongside his understanding of the industry, will be extremely beneficial to our clients.”

UBS advisors with the AEC designation meet specific requirements including depth of experience advising clients in the sports and entertainment industries, a commitment to serve the athlete or entertainer in a way that meets him or her “where they are”, as well as an extensive training program which covers everything from the atypical income streams of these clients to potentially special financial planning circumstances they may have.

Notes to Editors

About UBS Global Wealth Management

As the world's largest wealth manager, 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.

About UBS

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS's 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 more than 50 regions and locations, with about 30% of its employees working in the Americas, 30% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 21% in Asia Pacific. UBS Group AG employs more than 72,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

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“I’ve dedicated my entire career to navigating the unique financial situations and intricate challenges that athletes and entertainers are faced with,” said David.


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