UBS AG, Switzerland’s largest bank, will award bonuses to veteran financial advisers in the lender’s Americas wealth-management unit as it tries to retain brokers, according to a financial recruiter.

Advisers at the firm at least five years and with more than $500,000 in revenue next year are eligible for a year-end bonus of 65 percent of their prospective production in 2011, according to Mindy Diamond, president of Chester, New Jersey-based Diamond Consultants LLC, who said she spoke with UBS advisers. Source

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