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Showing 1 - 9 of 9 results for "Wealthfront"

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
While the local robo-advice industry flounders, Wealthfront has hit a record high of more than US$50 billion ($77bn) in assets under management, catering to 700,000 investors. The US robo-adviser boasted that as it continues to diversify offerings ...

UBS acquires Wealthfront, opens multicultural division

JAMIE WILLIAMSON  |  THURSDAY, 27 JAN 2022
... global wealth management offering, with a focus on affluent young people and multicultural investors. UBS has acquired Wealthfront, an automated wealth management platform serving millennial and Gen Z investors, for US$1.4 billion. Wealthfront has more ...

Australia lagging on robo-advice

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... services, but continue to compete intensely on price and mobile platform improvements, while fintechs like Betterment, Wealthfront and Stash are intent on being a one-stop-shop for investors' savings, investing and transacting needs." Peker said that ...

Robo-advice to be worth US$1.4 trillion

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
... at a time of historic low interest rates on savings," the LearnBonds.com analysis said. "US startups Betterment and Wealthfront were among the first to step into this gap a decade ago. They offer algorithm-driven financial planning services with little ...

Robo-adviser crashes during Wall Street selloff

ALEX BURKE  |  WEDNESDAY, 7 FEB 2018
... the largest robo-advisers in the US saw its website go offline while markets fell across the globe on February 5. Wealthfront had to issue multiple clarifications to users via Twitter after complaints reached the platform that the website was unavailable. ...

Big tech leads fintech optimism

DARREN SNYDER  |  THURSDAY, 24 AUG 2017
... robo-advisers provide an instructive example of incumbents responding to fintech. "Early innovators like Betterment and Wealthfront have shown significant growth, with assets under management of $6.7 billion and $4.4 billion, respectively, at the end ...

Even the wealthy are turning to robo-advice

MARK SMITH  |  FRIDAY, 12 FEB 2016
... traditional brokerages are coming under pressure to justify their fees as low cost automated providers like Betterment and Wealthfront gain traction. "Now that they're starting to see the money move, it's not taking very long for them to connect the ...

Don't rage against the machine

MARK SMITH  |  THURSDAY, 4 JUN 2015
... technology and changes in the marketplace." Callinan highlighted how new web based wealth management software services like Wealthfront and Betterment in the US, Nutmeg in the UK and now Stockspot in Australia, were cutting the time between engaging ...

Go-it-alone investment culture taking hold in Europe

MARK SMITH  |  THURSDAY, 9 APR 2015
... global trend toward robo-advice that should not go unnoticed. It started in the United States, with companies like Wealthfront gaining traction and it is spreading in Europe--Nutmeg in the United Kingdom and MoneyFarm in Italy--and also in Asia, with ...
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