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Has UBS missed the US wealth management M&A boom?
Recent history shows that wealth management deals by giant banks like UBS can produce mixed results.
Wealthfront introduces automated bond portfolio
Wealthfront says its portfolio uses a mix of Treasury and corporate bond ETFs and can achieve an annual return of 5.48% after its 0.25% fee.
Over a difficult year, these robo-advisors performed the best
Fidelity Go, Wealthfront and Ellevest had the best showings, relative to a benchmark, over the one-year trailing period ended March 31, according to Condor Capital Wealth Management's latest 'Robo Report.'
Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto
Plus, BetaNXT acquires Mediant Communications, Advisor360 hires a tech executive from Amazon Web Services, and InvestCloud innovates asset management distribution.
Wealthfront introduces individual stock picking
Investors can now buy and sell stocks and fractional shares with zero trading commissions, marking a shift from the company's previous emphasis on the value of passive investing.
Fintech challenged by market forces
While most adviser-facing fintechs were spared the pain felt across the wider technology landscape, not everyone escaped the year unscathed.
The latest in financial #AdviserTech — October 2022
DPL Financial Partners’ $20 million in additional capital, Ethic Investing’s $50 million Series C round, and the demise of UBS’ deal for Wealthfront are among the highlights of this month's roundup.
After Wealthfront, UBS dusts off plan to stress banking, tech and productivity
It's back to an 'organic plan' for the bank's wealth management business in the United States, says Iqbal Khan, co-president of UBS Global Wealth Management.
End of Wealthfront deal dents UBS growth plans in US
The acquisition of the robo-adviser was the centerpiece of UBS CEO Ralph Hamers' focus on broadening the wirehouse's wealth management offering.
UBS and Wealthfront terminate acquisition plans
Instead, UBS is purchasing a $69.7 million note that is convertible into Wealthfront shares, an investment that values the robo-adviser at $1.4 billion.
Wealthfront tops ranking of robos amid 2022 volatility
The two first quarters of this year showed some robos to be particularly resilient, according to the latest Robo Report from Condor Capital Wealth Management.
Reslicing the profit pie at Wells Fargo
If the pie keeps growing, wirehouse brokers probably won’t mind getting a relatively smaller slice.
Betterment a potential target after Wealthfront deal
The New York-based robo-adviser, which landed its largest capital funding round to date in September, for a valuation of $1.3 billion, could now have a significant bull's-eye on its back for potential buyers.
Comedy or tragedy? The curtain is rising on robos’ third act
The attractiveness of stand-alone robos, coupled with the ample dry powder at large financial services players, could mean more acquisitions are on the horizon.
UBS wealth management Americas nabs assets, looks to digital
Like its competitors, the Swiss bank had a strong quarter when it came to reeling in net new client assets.
How UBS plans to leverage Wealthfront’s robo-adviser
Wealthfront’s technology will become the foundation of a new digital offering for the wirehouse, but a major issue will be determining how to successfully integrate it into its existing product lineup.
UBS buys Wealthfront for $1.4 billion in major push into US market
The largest Swiss bank said the acquisition will accelerate its growth in America, broadening the firm’s reach to more mass-affluent investors.
UBS buying Wealthfront for $1.4 billion in cash deal
The acquisition will add more than $27 billion in assets under management and over 470,000 clients in the U.S., the bank said.
Will Wealthfront fetch a $1.5 billion price tag?
After a summer of sale rumors, Wealthfront Corp. is now reportedly on the block, capping years of significant development toward a fully automated investment platform.
Wealthfront explores potential sale
A transaction could value the robo-adviser, which has drawn interest from banks and special purpose acquisition companies, at as much as $1.5 billion.
