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UBS Wealth Management Americas introduces enhanced functionality for equity plan business

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UBS Wealth Management Americas has added two new features to its Equity Plan Advisory Services (EPAS) offering: an enhanced cash awards functionality and the UBS One Source Mirror.

Cash awards may be paid in either a lump sum payment or based on performance measures such as stock price; some have time-based vesting schedules or associated performance conditions. Companies issue them to address the complexities associated with other award types, such as share dilution concerns and country-specific requirements.
 
"Cash awards are an important part of the compensation issued by companies," says Michael Barry, head of UBS Equity Plan Advisory Services. "To meet growing demand, EPAS enhanced our functionality from being able to settle a single cash award transaction in either cash only or stock only, to being able to settle in a mix of both. We believe UBS is the only major provider that offers this as a core product with flexible delivery functionality."
 
UBS One Source Mirror enables UBS financial advisors and company plan administrators to simultaneously view and track what participants see while they are navigating within UBS One Source. Mirror users may navigate independently throughout the site at the same time as participants, helping those users guide participants through the precise steps that need to be followed to, for example, quickly and correctly enter a transaction or locate a statement.
 
"The feature we believe clients will like the most is the 'Navigate to User' button, which will automatically redirect them to the very same page that the participant is viewing, giving them the ability to follow the participant in real-time and better service them overall," says Barry.

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