Tag: UBS

UBS and Wealthfront have mutually agreed to terminate their merger deal and instead, UBS has purchased a $69.7m note convertible into the WealthTech’s shares.

With 2022 more than halfway finished, it has been a mixed year. Wars, rising cost of living, interest rate hikes, supply chain issues and multiple extreme weather conditions. There has been a lot to cope with.

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.

Singapore-based digital wealth app Endowus has raised $27m in its mission to make expert wealth management accessible, affordable and convenient to everyone in Singapore and across Asia.

The Commodity Futures Trading Commission (CFTC) has issued a $500,000 fine to UBS for alleged violations of audio recording regulations.

iCapital Network, which is helping to drive access and efficiency within the alternative investment sector, has received $440m in funding to hit a $4bn valuation.

Endowus.com, a digital wealth platform, has received a fresh investment round, as it works with UBS to bolster its growth efforts.

FutureFuel.io, a student loan repayment platform, raised $10m in Series A1 funding bringing its total Series A funding to $21.6m.