UBS Sells SmartWealth? Good for Them!

By Catherine Flax

Catherine Flax, CEO of Pefin, comments on UBS' decision to sell Smartwealth, a digital management platform to SigFig.

So UBS sold SmartWealth to SigFig.  What does this mean for digital financial planning and advice? Well, actually, nothing new at all.  What it means is that the world is cluing into some less than flattering realities about Robo Advisors.  My guess is that UBS probably realised the following:



Keywords: Technology, Digital Financial Planning, Robo Advisors, AI
Institution: UBS, SigFig

 

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