Community Corner

United States

William L. Schoff and team at The Schoff Group join UBS

12 March 2009

Contact: Kris Kagel, Corporate Communications, 212-882-5691,,

March 9, 2009

Weehawken, NJ - William L. Schoff, a 24-year financial services veteran, has been named a Managing Director at UBS. He will support clients of UBS Corporate Employee Financial Services (CEFS) and provide wealth management and education services to employees participating in their stock plans.

Schoff's appointment continues the strategic expansion of UBS's network of CEFS Financial Advisors. The Schoff Group's 10 team members, including five Financial Advisors who provide wealth management and corporate services, join him in the move.

"I am excited about joining UBS, which I have respected as a competitor for years," Schoff said. "UBS has a strong balance sheet, a sophisticated wealth management offering for affluent clients and a robust platform for corporate clients. It is the only firm in the marketplace that delivers in all three areas."

“We welcome Bill and his team to UBS,” said Doug Woodham, Managing Director of CEFS. “The Schoff Group has a track record of delivering superior equity compensation and wealth management services for companies and their executives.”

One of New York State's Top 100 Financial Advisors
Schoff ranked 21st in Barron’s 2009 Top Financial Advisors list for New York State – part of the publication's annual state-by-state listing of the best financial advisors at the nation's brokerage firms and banks. Results are based on an independent survey of industry best practices, assets under management, client satisfaction and service platform, along with interviews with senior management, peers and clients.

White-glove service means a hands-on approach
The Schoff Group focuses on providing high-end, hands-on service for affluent clients, particularly corporate executives from public companies with equity compensation plans. "We work with people who expect excellent service and know whether or not they are receiving it," Schoff noted.

They also expect their advisors to have an in-depth knowledge of their company's plan, he added. Since equity compensation can represent a large percentage of net worth for corporate executives, a discussion about the plan often expands to cover related wealth planning issues.

“Many Financial Advisors are hiding under their desks due to the current market situation, but we take a proactive approach,” he said. “Our team is communicating with clients now more than ever, which builds trust and leads to increased referrals and new assets."

Corporate service and education
Schoff and his team manage relationships with some of the leading corporations in America. “Plan administrators know that all it takes is a phone call to my team and we get the job done,” Schoff said. To ensure this, Kathleen Titus, Schoff's business partner of 22 years, manages corporate administration and implementation for the group. “Our reputation is very important to us," Schoff noted, "but we can only maintain and develop it by providing consistent, high-quality client service.”

Corporate service from The Schoff Group often includes an education program for executives and employees. His team can deliver introductory training for broad-based equity compensation plans or more customized education sessions tailored to a small number of executives. Providing education builds trust so plan participants are comfortable working with his team when a need arises, Schoff noted. Seminars can cover financial planning, retirement planning, stock options and more.

Industry is trending towards performance
Performance-based compensation is becoming more important now, according to Schoff. “There is a clear call for reduction in corporate officer salary, which means other types of deferred and performance-based equity compensation will step to the forefront,” he said. Schoff adds that cash-based plans are also becoming more common and increasingly are tied to performance.

A career of experience managing wealth
Schoff has been in the financial services business for over 24 years. Prior to joining UBS, he was a Managing Director – Wealth Management at Citigroup. As a Senior Advisor, Citi Family Office, he was a member of Smith Barney's elite Private Wealth Management unit. In that capacity, he provided high net worth families with wealth management services including estate, tax, financial planning, succession and philanthropic planning and strategies for concentrated control and restricted equity positions.

To contact CEFS, call 866-706-2727, toll-free, from 9:00 a.m.-5:00 p.m. ET, or e-mail

About CEFS
The Corporate Employee Financial Services (CEFS) department of UBS Wealth Management US delivers first-class equity compensation plan services and support for stock options, restricted grant awards, performance grant awards, stock appreciation rights and employee stock purchase plans.

CEFS has more than a decade of experience delivering service to Fortune 1000 companies and their participants across the globe. With more than 311 employees and nearly 250 CEFS network Financial Advisors in 60 cities, CEFS services more than 100 corporate clients and 800,000 plan participants.

UBS is one of the world’s leading financial firms, serving a discerning international client base. UBS is a leading global wealth manager, a leading global investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 34% in Switzerland, 16% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 75,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).

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