Loading...
Reload document 
Open in new tab
S T A T E M E N T O F F I N A N C I A L C O N D I T I O N
UBS Financial Services Incorporated of Puerto Rico
(a Subsidiary of UBS Financial Services Inc.)
Year Ended December 31, 2020
With Report of Independent Registered Public Accounting Firm
UBS Financial Services Incorporated of Puerto Rico
Statement of Financial Condition
Year Ended December 31, 2020
Contents
Report of Independent Registered Public Accounting Firm ……………………………………………………. 1
Statement of Financial Condition …………………………………………………………………………………………. 3
Notes to Statement of Financial Condition …………………………………………………………………………… 4
Ernst & Young LLP
Parque Las Américas 1, Suite 410
235 Federico Costa Street
San Juan, PR 00918
Tel: +1 787 759 8212
Fax: +1 787 753 0808
ey.com
Report of Independent Registered Public Accounting Firm
To the Board of Directors of
UBS Financial Services Incorporated of Puerto Rico
We have audited the accompanying statement of financial condition of UBS Financial Services
Incorporated of Puerto Rico (the Company) as of December 31, 2020 and the related notes (the
“financial statement”). In our opinion, the financial statement presents fairly, in all material
respects, the financial position of the Company at December 31, 2020, in conformity with U.S.
generally accepted accounting principles.
Basis for Opinion
This financial statement is the responsibility of the Company’s management. Our responsibility is
to express an opinion on the Company’s financial statement based on our audit. We are a public
accounting firm registered with the Public Company Accounting Oversight Board (United States)
(PCAOB) and are required to be independent with respect to the Company in accordance with the
U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange
Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the financial
statement is free of material misstatement, whether due to error or fraud. Our audit included
performing procedures to assess the risks of material misstatement of the financial statement,
whether due to error or fraud, and performing procedures that respond to those risks. Such
procedures included examining, on a test basis, evidence regarding the amounts and disclosures in
the financial statement. Our audit also included evaluating the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
We have served as the Company’s auditor since 1978.
March 1, 2021
A member firm of Ernst & Young Global Limited
1