1. 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.
Enrichment Project Goals
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.
§
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 financial institution.
§
Build a experiential foundation necessary to begin working in
the financial industry, particularly in Louisville.
§
Enrichment Project Outcomes
As a result of this enrichment project, I was:
Summer 2011: Taj Mahal in India aer
classes ended at Christ University.
§
Able to gain significant research experience that I am using to
apply for domestic and international graduate programs.
Enrichment Project Summary
Summer 2010: View of rice paddies on the
way to Sa Pa in northern Vietnam.
Identify possible post-graduation employment opportunities.
§
A temporary team member for one of the world’s most
successful financial institutions.
§
Challenged to rethink the financial and economic theories I
had learned in the classroom.
§
Introduced to Louisville’s professional network.
§
Offered a part-time job with UBS during my final 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.
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:
§
§
Identify currently undervalued mutual funds that have
demonstrable long-term resiliency.
§
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.
Analyze and communicate mutual fund performance.
Cra a new marketing campaign introducing clients to UBS’s
less known capabilities.
§
Digitize operating files for high-net-worth clients.
§
Construct simple Financial Goal Analyses (FGAs).
Sample Research Data
Special anks
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:
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
§
Adjustable inflationary expectations.
§
Christy Burge, Accountancy Instructor and Project Mentor
§
Mutual fund performance.
§
Jonathan Butcher, VP of Wealth Management, BFG Group
§
Dick Wilson, Senior VP of Wealth Management, Trident Group
§
§
Individual Savings Preferences.
Jonathan Butcher of the BFG Group at the UBS Olympia Park office in Prospect, Louisville, setting
up a meeting with new clients.
Corporate economies of scale.
Pre-Retirement
Income ($000s)
Social Security
Private Sources
Total
Private
Replacement
Income ($000s)
20
30
40
50
60
70
80
90
69
59
54
51
46
42
39
36
25
31
31
30
32
35
38
42
94
90
85
81
78
77
77
78
5
9
12
15
19
25
30
38
Replacement Ratio Estimates (%)
ESTIMATED Corpus Requirement (inflation excluded, $000s)
3.00% Withdrawal
4.25% Withdrawal
5.50% Withdrawal
167
310
413
500
640
817
1,013
1,260
118
219
292
353
452
576
715
889
91
169
225
273
349
445
553
687
Based on this table, this is what the
retirement income breakdown might
look like for someone with preretirement income of $50,000.
Social Security
Private Sources
Unreplaced Income
$9,500
19%
$15,000
30%
$25,500
51%