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Ethic, a sustainability-focused personalisation-powered asset management platform, has closed its Series C round on $50m.
MerQube, which offers technology for indexing and rules-based investing, has raised $8m in funding.
UBS recently re-entered the robo-advisory market through its $1.4bn acquisition of wealth management provider Wealthfront. However, this is not its first foray in the robo-advisor space.
Investment bank UBS has entered into an agreement to acquire automated wealth management provider Wealthfront in a $1.4bn all-cash deal.