Student Information

Student Name

Nicole Chen

Email

nicolekwongchen@gmail.com

Academy

Finance

Internship Information

Company/Organization: UBS Financial Services

Mentor(s):Robert Rossi, Frank Buttacavoli

Topic of Internship

Wealth Management, Financial Services

Background Information

UBS Financial Services, founded in 1854, is a top tier global financial services firm headquartered in Basel and Zürich, Switzerland that provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients. Currently, it is the world's second largest manager of private wealth assets, operating in all of the major financial centers worldwide with offices in over 50 countries and 64,000 employees around the globe. Although initially abbreviated for the Union Bank of Switzerland, UBS is now a “representational abbreviation” after its 1998 merge with Swiss Bank Corporation. Previously more concentrated in European countries, UBS is now dominant globally, especially in the Americas.

Summary of Internship

Luckily, as an intern at UBS Financial Services, I have to opportunity to experience two sides of the Wealth Management industry from my both my mentors, Robert Rossi (First Vice President of Fortunoff Rossi Wealth Management) and Frank Buttacavoli (Director and Assistant Branch Manager). I spend the first half of the day with Bob, which has recently involved phone meetings with clients, modifying the layout for the ACT! database, researching alternate investments, and developing innovative marketing ideas. He devotes much of his Thursdays towards giving me first hand instruction through one on one sessions about subjects ranging from the pros and cons of portfolio management programs to the difference between ETF’s and ETN’s. Working with Bob makes me feel as if I am both his student and employee of his firm. The second half of my internship experience with Frank involves working on multiple projects and assignments to double check and manage e-delivery or clients’ accounts. As busy as Frank is, he always is thoughtful to find the time to either work with me or leave an assignment, such as checking account updates with the Control Analyst, for me to complete. Although some of the concepts of wealth management are complex, my mentors make this experience interesting and challenging.

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