UBS has agreed to acquire Beanstox
competitor, Wealthfront.
About the deal:
- $1.5B: all-cash transaction
- 470k: Wealthfront clients
- $27B: Wealthfront AUM
- 2H 2022: expected transaction close
Companies like Beanstox that offer solutions for automated wealth building and more may be better positioned to serve the next generation of investors as the world shifts almost entirely to digital.
From the Press Release: “Wealthfront’s state-of-the-art, digital only platform tailored to next gen affluent investors will accelerate UBS’s growth ambitions in the US.”
Full details: UBS agrees to acquire Wealthfront to deliver digital wealth management offering to millennial and Gen Z affluent investors
Get info on investing in the Beanstox business alongside Kevin O’Leary: www.startengine.com/beanstox
We are excited by the Fintech growth opportunities for Beanstox, although also mindful that for every Fintech success story, many others are less successful.
This content was originally published in the Updates feed of the Beanstox crowdfunding campaign on StartEngine.
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