Culminating UBS Internship in Louisville Ryan Moran, University of Louisville, Class of 2014

Made possible by the generous support of the Brown Fellows Program, the University of Louisville College of Business , and the BFG and Trident Groups of UBS Financial Services, Inc.

§  Synthesize what I have learned through the University of Louisville’s College of Business and Bangalore’s Christ University with international work experience from Shanghai.

§  Gain a better understanding of and participate in the daily operations of a major !nancial institution.

§  Build a experiential foundation necessary to begin working in the !nancial industry, particularly in Louisville.

§  Identify possible post-graduation employment opportunities.

Previous Enrichment Projects §  2010: Traveled to Vietnam and Cambodia for a cultural

immersion and orientation trip with the 2014 Brown Fellows.

§  2011: Studied international political economy, international marketing, and contemporary South Asian politics at Christ University in Bangalore, India.

§  2012: Interned at Donghua University’s Center of International Programs and studied Mandarin Chinese in Shanghai, China.

Summer 2010: View of rice paddies on the way to Sa Pa in northern Vietnam.

Summer 2011: Taj Mahal in India aer classes ended at Christ University.

Summer 2012: Shanghai’s famous Pudong skyline proudly demonstrating the city’s growing commercial success, separated from the historic Bund waterfront by the Huangpu River.

Enrichment Project Outcomes

Special anks

Pre-Retirement Income ($000s)

Replacement Ratio Estimates (%) Private Replacement

Income ($000s)

ESTIMATED Corpus Requirement (in"ation excluded, $000s)

Social Security Private Sources Total 3.00% Withdrawal 4.25% Withdrawal 5.50% Withdrawal 20 69 25 94 5 167 118 91 30 59 31 90 9 310 219 169 40 54 31 85 12 413 292 225 50 51 30 81 15 500 353 273 60 46 32 78 19 640 452 349 70 42 35 77 25 817 576 445 80 39 38 77 30 1,013 715 553 90 36 42 78 38 1,260 889 687

Sample Research Data e table below was a starting point for the BFG Group’s retirement readiness campaign, based on Aon Consulting’s 2008 Retirement Readiness: A Measurement Tool For Retirement Planning. With this data, we built a proprietary retirement calculator that allows for:

§  Adjustable in"ationary expectations.

§  Mutual fund performance.

§  Individual Savings Preferences.

§  Corporate economies of scale.

is project would not have been possible without a supportive and dedicated team. In particular, I would like to thank:

§  Andrew Grubb, Brown Fellows Program Class of 2014 Mentor

§  Christy Burge, Accountancy Instructor and Project Mentor

§  Jonathan Butcher, VP of Wealth Management, BFG Group

§  Dick Wilson, Senior VP of Wealth Management, Trident Group

For 10 weeks this summer, I interned at the Olympia Park branch of UBS Financial Services, located in Prospect, Louisville. As a research associate, I worked with the BFG and Trident Groups to:

§  Analyze and communicate mutual fund performance.

§  Identify currently undervalued mutual funds that have demonstrable long-term resiliency.

§  Cra a new marketing campaign introducing clients to UBS’s less known capabilities.

§  Digitize operating !les for high-net-worth clients.

§  Construct simple Financial Goal Analyses (FGAs).

Enrichment Project Summary

Enrichment Project Goals

Jonathan Butcher of the BFG Group at the UBS Olympia Park office in Prospect, Louisville, setting up a meeting with new clients.

As a result of this enrichment project, I was:

§  Able to gain signi!cant research experience that I am using to apply for domestic and international graduate programs.

§  A temporary team member for one of the world’s most successful !nancial institutions.

§  Challenged to rethink the !nancial and economic theories I had learned in the classroom.

§  Introduced to Louisville’s professional network.

§  Offered a part-time job with UBS during my !nal year at the University of Louisville.

§  Given the resources to create a proprietary retirement calculator, which may eventually be patented by UBS or an independent limited liability company (LLC).

§  Able to work with a number of Louisville charity organizations, primarily Ardi’s Bears, World Sight, and the Dream Factory.

Based on this table, this is what the retirement income breakdown might look like for someone with pre-retirement income of $50,000.

$25,500 51% $15,000

30%

$9,500 19%

Social Security Private Sources Unreplaced Income