UBS Group AG (UBS)
- Bloomberg
UBS Agrees to Buy Robo-Adviser Wealthfront for $1.4 Billion
(Bloomberg) -- UBS Group AG agreed to buy U.S. robo-adviser Wealthfront for $1.4 billion in cash, as Chief Executive Officer Ralph Hamers tapped a fintech firm for his first major acquisition.Most Read from BloombergA Nor’easter Approaching New York Risks Becoming a Bomb CyclonePowell Backs March Liftoff, Won’t Rule Out Hike Every MeetingStocks Halt Rally as Bond Yields Spike After Fed: Markets WrapAstronomers Spot Never-Before Seen Object at 4,000 Light-Years AwayScientists Identify Factors Tha
- Business Wire
UBS Agrees to Acquire Wealthfront to Deliver Digital Wealth Management Offering to Millennial and Gen Z Affluent Investors
ZURICH, January 26, 2022--Today, UBS and Wealthfront, an industry-leading, automated wealth management provider serving the next generation of investors, signed an agreement whereby UBS would acquire Wealthfront in an all-cash transaction valued at $1.4 billion. Through this acquisition, UBS will accelerate its growth ambitions in the US, broaden the firm’s reach among affluent investors and expand its distribution and capabilities.
- Yahoo Finance UK
Bitcoin follows stocks in cautiously reversing decline
Bitcoin was almost 4% higher on Wednesday at $37,794, while ethereum, the second-largest cryptocurrency, was 3.4% up.
