Dominic - your fees exceed 2% of your AGI?

Either:
1. FiLife isn't paying you enough
2. UBS is taking you to the cleaners
3. You're not really entitled to the deduction and should review your situation and the instructions regarding deductibility

The fees are only deductible for taxable accounts as opposed to IRAs, Roth IRAs, etc. Unless your IRA fees are charged to your taxable account (upon written request and, only, if the brokerage/custodian allows) in which case you may be able to deduct as stated above.

Yes, I deduct my UBS fees on my taxes

It's deductible if you itemize. See ECapper's explanation above.

An investment management fee is a tax-deductible expense according to Publication 529 (http://www.irs.gov/publications/p529/index.html) and qualifies as a miscellaneous deduction provided that the deductions exceed 2% of your Adjusted Gross Income. The fee must be listed on your Schedule A from under “Job Expenses and Certain Miscellaneous Deductions” and attached to your 1040. For more information please consult the Internal Revenue Code or contact the IRS directly.