The William J. Clinton Foundation and UBS Wealth Management Americas (UBS WMA) celebrated the conclusion of the New York City metropolitan area pilot of their CEO-UBS Small Business Advisory Program with a dinner recognizing the achievements of the participating small business owners. The successful six month program represents the fulfillment of a philanthropic partnership between the Foundation's Clinton Economic Opportunity Initiative (CEO) and UBS WMA, announced at the Clinton Global Initiative (CGI) America conference in June 2011.

"The CEO-UBS Small Business Advisory Program is the perfect example of how we can revitalize small business in America," said President Bill Clinton. "Together, my Foundation and UBS worked with ten small businesses in New York to promote entrepreneurship and offer business-to-business mentoring. It is through successful programs like this that the Clinton Foundation has provided more than 75,000 hours of pro-bono consulting hours to small business owners."

As part of UBS WMA's Revitalizing America initiative, the six month Small Business Advisory Program brought leading UBS WMA financial advisors and their clients together to provide ten small businesses from communities including Harlem, Long Island City, Newark and Brooklyn, with:

  • One-on-one pro-bono strategic financial and business counseling
  • Access to the entire suite of UBS's resources, including senior leaders within the firm's marketing, human resources, operations and Investment Banking divisions
  • Opportunities to network with industry influencers and major decision makers in both the private and public sectors.

"The Small Business Advisory Program represents UBS's commitment to helping entrepreneurs who display the best of the American spirit, and who will play an integral role in revitalizing our economy. I am particularly proud of the pilot program's success as it highlighted our firm's dedication to small businesses, and underscores the passion our financial advisors bring to their jobs and their community each and every day," said Robert J. McCann, Chief Executive Officer, UBS Group Americas.

The ten small businesses enrolled in the program had average annual revenues of $8.44 million in 2010 and together employed a total of 400 people at the end of 2010. The entrepreneurs and their companies who participated are: Julie Azuma, Different Roads to Learning, Inc.; Dinesh and Josh Boaz, Direct Agents, Inc.; K.Y. Chow, GM Printing; Richelieu Dennis, Sundial Creations; Kenny Lao, Rickshaw Dumpling Bar; Tamara Mangum-Thomas, Sharpened Image, Inc.; Mike DiMarino, Linda Tool; Marjorie Perry, MZM Construction & Management Company, Inc.; Jeffrey Smalls, Smalls Electrical Construction, Inc.; and Larry Velez, Sinu.

The UBS Financial Advisors and clients who worked with the small businesses are, in corresponding order: Advisor Sharon Sager and Amy Butte, CEO of TILE Financial, Inc.; Advisor Marty Halbfinger and Miles Stuchin, Founder and President of Access Capital, Inc.; Advisor Mark Horan and Don Terwilliger, President of Digital Color Concepts; Advisor Holly Hendrix and Carol Greer, retired retail industry executive and consultant; Advisor Peter Klein and Peter Furth, CEO of FFF Associates, Inc.; Advisor Frank Condon and Eric Goldstein, Partner at The Argosy Group; Advisor Tim Donnelly and Vice Admiral Edward Straw, Executive Vice President of PRTM Management Consultants; Advisor Russell Rabito and Walter Beal, General Manager at Springline Corporation; Advisor Terri Jacobsen and Harry DiAdamo Jr., Director and Treasurer of the Hewitt Foundation; and Advisor Jason M. Katz and Jason Katz, Founder and CEO of Paltalk.

About the Clinton Economic Opportunity Initiative

Building on President Clinton's long-term commitment to economic advancement, the Clinton Economic Opportunity Initiative (CEO) works to accelerate economic progress in underserved communities in the United States by promoting entrepreneurship and advancing business-to-business public service. Through programs that provide entrepreneurs with support, ideas, and tools that can help them succeed in the marketplace, CEO aims to empower growing businesses, create jobs, generate wealth, and promote lasting economic development. Learn more at www.clintonfoundation.org.

About UBS Wealth Management Americas

UBS Wealth Management Americas provides advice-based relationships through financial advisors who deliver a fully integrated set of products and services specifically designed to address the needs of ultra-high net worth, high net worth and core affluent individuals and families. It includes the Wealth Management US business, the domestic Canadian business and the international business booked in the United States.

About UBS Wealth Management Americas Revitalizing America Initiative

Launched in response to investors' deep concerns about America's long-term economic growth, UBS Wealth Management Americas Revitalizing America Initiative comprises a series of speaking engagements and programs that UBS will host over the course of the year, aimed at forging common ground and discussing how, together, we can revitalize the U.S. economy. Additional information available at: http://financialservicesinc.ubs.com/revitalizingamerica/

UBS Wealth Management Americas
Karina Byrne, +1-212-882-5692
Follow us on Twitter at: www.ubs.com/twitteramericas