In an all-cash transaction, UBS Group AG (NYSE:UBS) will acquire fintech Wealthfront For $1.4 billion.
The acquisition of this next-generation banking service plays into UBS’ commitment to delivering scalable, digital-first wealth management solution to customers. Wealthfront helps users manage and grow their wealth through cash accounts that offer some of the highest APYs on the market, as well as free financial advice, among other offerings.
