2. A global leader focused on you Global presence A leading global wealth manager Wealth management presence Wealth management is our core business Historical perspective 140-year tradition serving individuals and families in Europe and the U.S. UBS Financial strength One of most well-capitalized banks with some of the strongest credit ratings in the industry
5. WMR’s outlook for 2009 Review 2008 Most developed economies entered recession in 2008, following four years of unprecedented growth The economy Outlook 2009 WMR forecasts a global economic recession
7. Review 2008 The financial crisis hit most assets hard in 2008 Asset classes
8. WMR’s outlook for 2009 The valuation of assets like corporate bonds and equities is relatively attractive and we recommend selectively rebuilding positions Asset classes
14. WMR’s outlook for 2009 Expensive government bonds, attractive corporate bonds Bonds
15. A comprehensive approach Grow your wealth now and into the future Access funds when and where you need them Take on new opportunities and enjoy life to the fullest Safeguard what you’ve worked so hard to build Do your best for those you truly care about Your financial goals Grow your assets Manage your cash flow Maintain your lifestyle Protect what you’ve achieved Care for others
16. You and your needs are at the center of all we do You Your Financial Advisor draws on a team of specialists Your Financial Advisor Retirement services Asset management Brokerage services Estate planning Financing Cash management Insurance
27. Review 2008 Commodity prices dropped in response to deteriorating global economic activity Commodities
28. WMR’s outlook for 2009 Investors should maintain a reduced commodity exposure Commodities
29. Hedge funds A year of transition and consolidation ahead The use of indexes is for illustrative purposes only. Some indexes are unmanaged, are not available for direct investment and are not subject to management fees and other fees and expenses. Information about the index is derived from sources that we believe to be reliable, but we have not independently verified them and we do not warrant as to its accuracy or completeness. Alternative Investments (“ Fund” or “Funds”) is not a mutual fund and it is not subject to the same regulatory requirements as mutual funds. The Fund’s performance may be volatile, and investors may lose all or a substantial amount of their investment in the Fund. The Fund may engage in leveraging and other speculative investment practices that may increase the risk of investment loss. Portfolio assets of the Fund typically will be illiquid. The Fund may not be required to provide periodic pricing or valuation information to investors. It generally involves complex tax strategies and there may be delays in distributing tax information to investors. The Fund may charge high fees that would reduce profits. Interests of the Fund are illiquid and subject to restriction and change. An investment in the Fund is long-term, there is no secondary market for the interests of the Fund, and none is expected to develop. Interests of the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other governmental agency. Investors should consider Funds as a supplement to an overall investment program.
30. Review 2008 Hedge fund managers faced serious difficulties, with most hedge funds delivering negative returns Hedge funds Data through November 2008.
31. WMR’s outlook for 2009 The hedge fund industry will undergo much change and consolidation Hedge funds Data through November 2008.
32. Private equity Opportunities likely to arise in private equity The use of indexes is for illustrative purposes only. Some indexes are unmanaged, are not available for direct investment and are not subject to management fees and other fees and expenses. Information about the index is derived from sources that we believe to be reliable, but we have not independently verified them and we do not warrant as to its accuracy or completeness. Alternative Investments (“ Fund” or “Funds”) is not a mutual fund and it is not subject to the same regulatory requirements as mutual funds. The Fund’s performance may be volatile, and investors may lose all or a substantial amount of their investment in the Fund. The Fund may engage in leveraging and other speculative investment practices that may increase the risk of investment loss. Portfolio assets of the Fund typically will be illiquid. The Fund may not be required to provide periodic pricing or valuation information to investors. It generally involves complex tax strategies and there may be delays in distributing tax information to investors. The Fund may charge high fees that would reduce profits. Interests of the Fund are illiquid and subject to restriction and change. An investment in the Fund is long-term, there is no secondary market for the interests of the Fund, and none is expected to develop. Interests of the Fund are not deposits or obligations of, or guaranteed or endorsed by, any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other governmental agency. Investors should consider Funds as a supplement to an overall investment program.
33. Review 2008 Market turmoil took a toll on private equity Private equity Data through June 30, 2008.
34. WMR’s outlook for 2009 Periods of economic weakness and bearish sentiment have historically created the best buyout vintages Private equity Data through June 30, 2008 (does not include vintage year 2007).