UBS Sells its Robo-Advisor SmartWealth to SigFig

[kreslik.news]

The competitive, saturated robo-advice space is increasingly showing some key players struggling to achieve scale. Swiss wealth manager UBS is continuing the trend of large firms phasing out their product after today announced the sale of its SmartWealth platform to US robo-advisor SigFig.

Launched in March 2017, SmartWealth is a fairly standard robo-advisor product that gives users access to investment strategies entirely online through a number of funds constructed and managed by UBS.

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As compared to UBS’ traditional wealth management services, SmartWealth was built for those who don’t meet ... (read more)