End of Wealthfront deal dents UBS growth plans in US
The acquisition of the robo-adviser was the centerpiece of UBS CEO Ralph Hamers' focus on broadening the wirehouse's wealth management offering.
UBS Group Chief Executive Ralph Hamers suffered a surprise setback in his quest to make the Swiss wealth manager more digital after the $1.4 billion acquisition of a U.S. robo-adviser that formed a cornerstone of his push collapsed.
Late Friday, UBS and Wealthfront announced that the transaction
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