This article proves how costly the legacy system is. In January 2015, UBS has decided to stop servicing clients with less than $1m “due to the increased regulatory burden”. Smart companies are using Cygura to manage their Sophisticated and Wholesale investors in a more cost effective way.
http://www.afr.com/p/opinion/ubs_pulls_plug_on_clients_with_less_npqPNF89g9BA1vmyQlxXpI