Wealthfront has more than 470,000 client accounts in the U.S. and manages more than $27 billion in assets. “Wealthfront complements our core business in the U.S. providing wealth management to high-net-worth and ultra-high-net-worth investors through trusted relationships with financial advisors, and will enhance our long-term ambition to deliver a scalable, digital-led wealth management solution to affluent investors,” Ralph Hamers, CEO of UBS, said in a statement.
UBS said its digital offering will also make human advisors available remotely.