UBS Agrees to Acquire Wealthfront to Deliver Digital Wealth Management Offering to Millennial and Gen Z Affluent Investors

These days, UBS and Wealthfront, an sector-main, automated prosperity management company serving the next technology of traders, signed an agreement whereby UBS would purchase Wealthfront in an all-money transaction valued at $1.4 billion. By way of this acquisition, UBS will accelerate its progress ambitions in the US, broaden the firm’s achieve amid affluent traders and develop its distribution and capabilities.

With above $27 billion in belongings underneath administration and more than 470,000 customers in the US, Wealthfront’s award-successful, point out-of-the-artwork platform aids shoppers very easily regulate their wealth by supplying obtain to money organizing abilities, banking services and expense administration remedies. Following the transaction, Wealthfront and its purchasers will advantage from access to UBS’s major prosperity administration abilities, which includes the UBS Chief Investment Office’s finest-in-course considered leadership, an unmatched international footprint, and deep products and solutions and providers shelf.


“Introducing Wealthfront’s abilities and customer foundation to our international financial investment ecosystem will noticeably enhance our skill to mature our organization in the US,” claimed Ralph Hamers, Group Chief Executive Officer of UBS. “Wealthfront enhances our main small business in the US providing wealth administration to substantial web truly worth and ultra substantial internet truly worth traders by way of dependable interactions with monetary advisors, and will enhance our lengthy-time period ambition to produce a scalable, electronic-led wealth administration answer to affluent traders.”


Wealthfront’s key concentration is on millennial and Gen Z traders, a shopper phase with significant domestic expansion prospective. With much more than 130 million traders in the US by itself, millennials and the Gen Z populace with each other comprise a substantial advancement section that will personal an escalating share of the world’s wealth. As UBS appears to be like to set up and mature interactions with more affluent purchasers, Wealthfront’s abilities will grow to be the foundation of its new digital presenting which will also contain obtain to remote human guidance. In addition, Wealthfront will expand UBS’s present providing by way of the firm’s Prosperity Guidance Heart, which focuses on serving core affluent purchasers, and its Office Prosperity Answers company, which will work with employees of company clients on fairness system participation, fiscal education and retirement plans.


“Partnering with UBS will permit Wealthfront to offer you our purchasers additional benefit-additional services and ideal in course exploration that will assist accelerate our eyesight to make rising wealth delightfully straightforward,” reported David Fortunato, Chief Government Officer of Wealthfront. “We could not be additional psyched to have located a strategic companion who has the similar perspective on the energy of engineering as we do. We appear forward to delivering our assistance to even extra millennial and Gen Z buyers.”


Wealthfront’s current consumers will see no quick transform to their knowledge and can appear forward to benefiting from UBS’s breadth of products and solutions, expert services, and intellectual capital. Clientele will proceed to have obtain to automatic investing and personalised economic planning, which offers the capability to url and perspective outside the house accounts to greater tailor services to just about every unique client. In addition to investing solutions, clientele will also continue on to have accessibility to Wealthfront’s banking solutions, which includes securities backed financial loans, quick transfers to investment accounts, immediate deposit, monthly bill shell out, and transfer providers.


Wealthfront will turn into a wholly owned subsidiary of UBS and will operate as a small business inside UBS World wide Prosperity Management Americas. The transaction is at present expected to close in the second 50 percent of 2022, issue to closing disorders together with regulatory approvals.


UBS Expense Financial institution is serving as monetary advisor to UBS and Sullivan & Cromwell is acting as authorized counsel. Qatalyst Partners is serving as Wealthfront’s exceptional money advisor and Fenwick & West is performing as authorized counsel.


About UBS


UBS convenes the global ecosystem for investing, wherever men and women and ideas are related and possibilities introduced to life, and provides fiscal suggestions and methods to wealthy, institutional and company clients around the globe, as well as to non-public customers in Switzerland. UBS presents expenditure answers, merchandise and impactful assumed leadership, is the primary world wealth manager, delivers substantial-scale and diversified asset management, focused investment decision banking abilities, and own and company banking solutions in Switzerland. The company focuses on enterprises that have a robust competitive place in their goal markets, are funds productive and have an desirable extended-term structural advancement or profitability outlook.


About Wealthfront


Wealthfront integrates investing and banking products and services to make it delightfully straightforward to create long-phrase wealth. Via the electricity of automation, the organization provides customized merchandise to assistance equally subtle and new investors master, decrease prices, and grow wealth. Wealthfront is a person of the maximum rated monetary apps in the Apple Application Keep and has been named the most effective robo-advisor and greatest cash management account by NerdWallet and Investopedia. The firm at the moment oversees $27 billion for in excess of 470,000 consumers in the US. To study a lot more please pay a visit to or obtain the app on the App Retail store or Google Play.


Detect to buyers


This doc and the information contained herein is supplied only for information applications, and is not to be construed as a solicitation of an supply to get or promote any securities or other money devices in Switzerland, the United States or any other jurisdiction. No financial investment decision relating to securities of or relating to UBS Team AG, UBS AG or their affiliate marketers ought to be created on the basis of this document. For supplemental facts, refer to the documents furnished by or filed with the United States Securities and Trade Fee, which includes the Kind 20-F for the calendar year finished 31 December 2020. These reports are offered at


Cautionary statement pertaining to forward-hunting statements


This document has statements that represent forward-looking statements. Although these statements stand for UBS’s judgments and anticipations regarding the issues explained, a variety of threats, uncertainties and other critical aspects could lead to actual developments and benefits to differ materially from UBS’s expectations. More details about all those aspects is set forth in paperwork furnished and filings made by UBS with the US Securities and Trade Fee, including the second and third quarter 2021 reviews and the Yearly Report on Sort 20-F for the year ended 31 December 2020. UBS undertakes no obligation to update the facts contained herein.


Check out resource variation on

Get hold of: UBS Trader Speak to

Switzerland: +41-44-234 41 00

Americas: +1-212-882 5734

UBS Media Call

Switzerland: +41-44-234 85 00

Uk: +44-207-567 47 14

Americas: +1-212-713-1302

APAC: +852-297-1 82 00

Wealthfront Media Get hold of

Kate Wauck

[email protected]

Resource: UBS Copyright Small business Wire 2022

Minnie Arwood

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