‘Robo-advisers’ to help wealthy US UBS clients
Technology automates investment management workflow to free up advisers’ time
Swiss Bank UBS: Wall Street banks and investment firms are increasingly building or buying robo-advisers to add business while cutting costs. Photograph: Georgios Kefalas/EPA
The firm’s US wealth-management division is to use new technology developed by San Francisco start-up SigFig Wealth Management. UBS is also taking an undisclosed stake in the start-up. The firms will form a research lab to collaborate on new wealth management tools as part of the venture, UBS said.