Digital Wealth: UBS buys Wealthfront for $1.4B; aka Wealthfront does not disrupt incumbents
Digital Wealth: UBS buys Wealthfront for $1.4B; aka Wealthfront does not disrupt incumbents
Swiss bank UBS has agreed to buy U.S-focused automated wealth management provider Wealthfront, which has more than 470,000 clients in the United States, for $1.4 billion in cash.
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Top Stories
🇺🇸 UBS Steps Up U.S. Push With $1.4 Billion Wealthfront Purchase - Reuters, January 26, California. The deal is in cash, and represents 5% of AUM.
🇺🇸 Andreessen Horowitz Seeks $4.5bn For New Crypto Investments - Financial Times, January 20, California
🇺🇸 Envestnet Takes Stake In Sallie Krawcheck's Ellevest - Wealthmanagement, January 24, Chicago. Ellevest has a bit over $1B in AUM.
North America News
🇺🇸 Eaglebrook Advisors Raises $20m In Series A Funding Led By Castle Island Ventures And Brewer Lane Ventures - PR Newswire, January 25, Florida
🇺🇸 GeoWealth Raises $19 Million To Out-Tech Orion, SEI, Assetmark And Envestnet On RIA Outsourcing But Then Goes After Their Talent, Too - RIABiz, January 22, Chicago
🇺🇸 Adam Dell, Former Head Of Product At Marcus By Goldman Sachs, Launches Domain Money, A Next Generation Investment Platform For Both Stocks And Crypto - PR Newswire, January 25, New York
🇨🇦 DeFi Technologies Closes CHF 25 Million Investment In Swiss Global Digital Assets Bank, SEBA Bank AG - Yahoo Finance, January 25, Toronto
🇺🇸 BlackRock Plans A Blockchain And Tech ETF Amid Crypto Meltdown - Fortune, January 21, New York
🇺🇸 Yield App Launches Version Two, And It’s More Than Just A New Look - The Daily HODL, January 20, California
🇺🇸 Novogratz' Galaxy Digital Hires Blackstone Executive For Asset Management Arm - Reuters, January 21, Massachusetts
🇺🇸 Citi Kickstarts Recruitment For Top Job In Digital Assets Unit - The Block Crypto, January 21, New York
🇺🇸 SEC Rejects First Trust Advisors And Skybridge Bitcoin ETF - Decrypt, January 20, Washington
🇺🇸 Earlybird Launches Industry-First Crypto Wallet For Families, A New Way To Build Wealth For The Next Generation Through Digital Assets - PR Newswire, January 25, Chicago
🇺🇸 ‘Anti-Arkk’ ETF Amasses $234 Million As Cathie Wood Falters - Bloomberg, January 21, New York
EMEA News
🇬🇧 M&G Takes A Stake In Moneyfarm To Boost UK Digital Offer - Reuters, January 26, London
🏴 Abrdn And Citi Looking To Blockchain To Sell Investors Digital Tokens In Buildings - The Times, January 25, Aberdeen
🇬🇧 Wise Alpha Forges Strategic Partnership With Fortu Wealth - Finextra, January 24, London
🇬🇧 MSCI Enters Digital Assets Market - FundsTech, January 19, London
🇬🇧 "Showtime" As "Big Majority" Of Wealthsimple UK Investors Migrate To Moneyfarm - Altfi, January 24, London
🇬🇧 Monzo Hunts For GM To Build And Lead New Investment Business - Money Marketing, January 25, London
🇬🇧 Tilney's Bestinvest Relaunches With Hybrid Services - Wealthbriefing, January 26, London
🇬🇧 HSBC Adds Portfolio Advisory And Analytics For Experienced Investors - South China Morning Post, January 25, London
Asia Pacific News
🇨🇳 Beijing Investment Bank Backs Keppel Data Centre Investment Fund - Datacenter News, January 23, Beijing
🇭🇰 RBC Moves Asia Wealth Management Platform To The Cloud - Finextra, January 26, Hong Kong
🇦🇺 Bevan Slattery Launches Soda, An Investment Launchpad For The Digital And Sustainable Future - Business News Australia, January 24, Brisbane
🇮🇳 ET Money Comes Up With A New Branding Strategy; Revamps App, Brand Identity & Logo - Best Media Info, January 21, Haryana
🇨🇳 Jasminer, The New Money Management Option - Digital Journey, January 20, Beijing
🇮🇳 Shootih - India's First Business Wealth Management Platform For SMEs- Businesswire India, January 25, Indore
🇭🇰 Cyberport Houses Nearly 60 Wealthtech Startups Offering Diverse Solutions, Helping To Promote Inclusive Wealth Management And Improve Industry Efficiency - Macau Business, January 25, Hong Kong
🇦🇺 Australia: Securities Watchdog Warns Over Super Funds Investing In Digital Currencies - Coingeek, January 24, Sydney
🇸🇬 Endowus Launches First-Of-Its-Kind Multi-Manager Passive Income Portfolios For Investors At Different Life Stages - Hubbis, January 26, Singapore
Blogs, Webinars, Podcasts
🇺🇸 Betterment’s Robo Advisor Helps Investors Build Nest Eggs And Reduce Credit Reliance - CardRates, January 20, New York
🇺🇸 Moore's Law May Be Slowing Down But Wealthtech’s Just Getting Started - Financial Planning, January 20, New York
🇺🇸 Experts React To The Fed’s Digital Currency Report And Falling Prices For Bitcoin And Ethereum. Here’s What Investors Should Know - Time, January 22, Washington
🇮🇪 MoneyNeverSleeps: The Finsight Series, Beyond Wealthtech And The Future Of Wealth Management - Irish Tech News, January 24, Dublin
🇨🇦 New Wealthsimple ETF On The Neo Exchange Offers Investors Greater Choice In ESG Solutions - Businesswire, January 21, Toronto
🇬🇧 Industry Association Calls For Regulatory Clarity On Digital Assets - FundsTech, January 19, London
🇺🇸 DFA Now The Biggest Active ETF Asset Manager - ThinkAdvisor, January 20, Texas
🇮🇳 India, Home Of The 3rd Largest Fintech Ecosystem In The World - The Hans India, January 23, India
Virtual Events & Conferences
🇵🇱 Scaling A B2B Fintech Brand - Netguru, February 1, Virtual
🇬🇮 Gibraltar: The To-Go Destination For International Fintech Startups - The Legal 500, February 3, Virtual
🇬🇧 The FinTech Show | 28/01 - FinTech Magazine, January 28, Virtual
🇺🇸 Chainlink Proof of Reserve: Bridging DeFi, CeFi, and Traditional Finance - Chainlink Labs, January 31, Virtual
Reports, Surveys, & Awards
🇺🇸 Robo-Advisor Market Consumption Analysis, Growth Forecast By Manufacturers – Betterment, FutureAdvisor, Personal Capital, Vanguard Personal Advisor, Wealthfront, WiseBanyan, Etc - Energy Siren, January 21, New York
🌍 The Ascent’s 2022 Stock Broker And Robo-Advisor Awards Winners - Fool, January 20, Global
🇹🇼 Exploring The Innovation Diffusion Of Big Data Robo-Advisor - MDPI, January 24, Taichung
More? More!
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