UBS buys Wealthfront in $1.4bn deal to widen U.S. reach

UBS buys Wealthfront in $1.4bn deal to widen U.S. reach

Swiss bank UBS has agreed to buy Wealthfront, a U.S.-focused automated wealth management provider with more than $27bn in assets under management, in an all-cash deal the two companies said was worth $1.4bn. The acquisition of Wealthfront, which has more than 470,000...