Swiss bank UBS to acquire robo-adviser Wealthfront, which has 470K+ clients in the US, for $1.4B, as it looks to use AI to pitch services to the world’s wealthy (Bloomberg)

Bloomberg:
Swiss bank UBS to acquire robo-adviser Wealthfront, which has 470K+ clients in the US, for $1.4B, as it looks to use AI to pitch services to the world’s wealthy  —  UBS Group AG agreed to buy U.S. robo-adviser Wealthfront for $1.4 billion in cash, as Chief Executive Officer Ralph Hamers tapped …