Member Exclusive, New banks

Banking Briefing: UBS buys Wealthfront

  • This week: UBS buys Wealthfront, a digital US dollar may be on the way, and Tearsheet's Challengers Podcast is back
  • What a crazy month it's been in the world of banking -- and crazier still is that it's just the first month

Email a Friend

Banking Briefing: UBS buys Wealthfront

A few days ago, Swiss bank UBS announced it was acquiring automated wealth-management provider Wealthfront in an all-cash deal of $1.4 billion, making it the biggest robo-advisor acquisition in history.

Wealthfront will be operated as a wholly owned subsidiary of UBS, run within UBS Global Wealth Management Americas.

The acquisition comes following UBS’s statement in October that as part of its 2025 vision, it wanted to create a digitally scalable advice model that would target affluent clients in the Americas with up to $2 million to invest. That same month, UBS had its most profitable quarter for wealth management, reaching $1.5 billion of pre-tax profits – over 40% more than last year.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Banking Briefing: UBS buys Wealthfront”

Member Exclusive, New banks

Banking Briefing: Will WFH become a thing of the past?

  • Banks are pushing to get employees back in the office – but what will that do for their efforts to attract tech talent?
  • Meanwhile, gender inequality is alive and well in the banking industry. Here’s what one bank is doing to try and solve that.
Rivka Abramson | September 12, 2022
New banks

Are neobanks still considered disruptors?

  • Neobanks include thousands of companies seeking to disrupt banks across different customer segments and products.
  • As the digital transformation unfolds throughout the financial services industry, there will be a role for all types of service providers, including brick-and-mortar institutions.
Lindi Miti | September 02, 2022
New banks

Timberland Bank offers a savings program that pays customers to learn about finances

  • Integrations don’t have to be a painful, dragged out process if the right people are involved.
  • Paying people for learning about their finances can improve financial wellness and customer engagement.
Rabab Ahsan | September 01, 2022
Member Exclusive, New banks

Banking Briefing: All about branches

  • In a world of Web2s, Web3s, and Web-what-have-yous, a bank’s physical presence can almost feel passé.
  • But despite their decline in numbers, branches still very much play a role in banks’ success – from improving accessibility to getting in front of more consumers’ eyes.
Rivka Abramson | August 30, 2022
Member Exclusive, New banks

Banking Briefing: Offering personalized banking in an inflationary environment

  • As the financial situation takes on darker hues for consumers, personalization takes on a whole new dimension.
  • Here's what one neobank is doing to offer personalized services when times are tough.
Rivka Abramson | August 15, 2022
More Articles