UBS Wealth Management plans to trim the number of mutual funds listed on the platform advisers use to select investments for clients. The move, described by UBS sources familiar with the strategy as a "rationalization," will remove 840 funds from the current list of 4,200. The 20% reduction, representing about 5% of assets under management on the platform, will unfold in three phases from April through July. Read the original story from InvestmentNews.