UBS buys US digital wealth platform for $1.4bn in bid for scalable global growth

clock • 2 min read
UBS buys US digital wealth platform for $1.4bn in bid for scalable global growth

UBS has agreed to acquire California-headquartered digital-only wealth platform Wealthfront as part of a wider plan to target scalable growth in the affluent investor space across the world.  The all cash agreement to acquire Wealthfront, which has over $27bn of assets under management and more than 470,000 clients in the US,  valued it at $1.4bn.  The deal, announced on 26 January, will allow UBS to accelerate its growth plans in the US, increase reach into the affluent segment as well...

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