News and analysis
February 19, 2015

Big Swiss Brokerage Offers to Match Clients' Giving

Zurich-based financial-services firm UBS is expanding a philanthropic program to U.S. customers that matches a portion of clients' donations to a company-affiliated foundation, reports The Wall Street Journal. The 16-year-old Optimus Foundation already accepts gifts from UBS clients in the United Kingdom, Germany, and Hong Kong and has raised about $266-million to support organizations focused on health, education, the protection of children, and crisis response.

A UBS spokeswoman declined to specify match levels for giving to particular Optimus-supported programs and charities but said the firm generally adds between 20 percent and 100 percent of a client's gift. UBS Americas CEO Robert McCann said expanding the program fills a void as customers increasingly seek advice from wealth managers on a "broad range of topics" beyond just investments, including philanthropy.