Comedy or tragedy? The curtain is rising on robos’ third act
The attractiveness of stand-alone robos, coupled with the ample dry powder at large financial services players, could mean more acquisitions are on the horizon.
The recent UBS acquisition of Wealthfront for an eye-popping $1.4 billion brings down the curtain on Act II in the long-running drama, “Robos on Wall Street.” What will happen in Act III, and how will the show end?
First, review Act I, when the curtain rises on the 2008 financial crisis. Crit
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