-

UBS and Wealthfront mutually agree to terminate merger agreement

UBS to purchase a USD 69.7 million note convertible into Wealthfront shares
UBS remains committed to its growth plans in the US and strengthening its digital offering

NEW YORK--(BUSINESS WIRE)--UBS and Wealthfront have mutually agreed to terminate their merger agreement, initially announced 26 January 2022, under which Wealthfront was to be acquired by UBS Americas Inc.

UBS will purchase a USD 69.7 million note convertible into Wealthfront shares.

UBS remains committed to its growth plans in the US and will continue the build-out of its digital wealth management offering. 

Contacts

UBS Americas Inc.
Investor Relations:
Americas: +1-212-882 5734
Switzerland: +41-44-234 41 00

Media Relations:
Americas: +1-212-713 1302
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
APAC: +852-297-1 82 00

www.ubs.com/media

Industry:

UBS

NYSE:UBS
Details
Headquarters: Zurich, Switzerland
CEO: Sergio Ermotti
Employees: 72,000
Organization: PUB
Release Versions
English

Contacts

UBS Americas Inc.
Investor Relations:
Americas: +1-212-882 5734
Switzerland: +41-44-234 41 00

Media Relations:
Americas: +1-212-713 1302
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
APAC: +852-297-1 82 00

www.ubs.com/media

More News From UBS

UBS Declares Quarterly Coupon Payment on Exchange Traded Note: AMUB

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced the coupon payment for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: “AMUB”), traded on the NYSE Arca. NYSE Ticker ETN Name and Prospectus Supplement* Coupon Valuation Date Ex- Date Record Date Payment Date Coupon Amount Payment Schedule Current Yield (annualized)** AMUB ETRACS Alerian MLP Index ETN Series B 2/17/26 3/2/26 3/2/26 3/10/26 $0.3202 Quarterly 5.95% * The table above provides a hyperlink to the relevant prospectu...

UBS Declares Coupon Payments on 8 ETRACS Exchange Traded Notes

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the “ETNs”). NYSE Ticker ETN Name and Prospectus Supplementa   Coupon Valuation Date   Ex-Date   Record Date   Payment Date   Coupon Amount   Payment Schedule   Current Yield (annualized) b HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series...

UBS Hires Financial Advisor Jeff Miller in Bellevue, WA

BELLEVUE, Wash.--(BUSINESS WIRE)--UBS Global Wealth Management US today announced that Jeff Miller has joined the firm as a financial advisor. He joins the UBS Pacific Northwest wealth management market, led by Market Executive Robert Giordano, and is based in the Bellevue, Washington office. Jeff brings decades of experience advising high-net-worth families, entrepreneurs and corporate executives with a client first approach. “Jeff’s track record of building deep client relationships and deliv...
Back to Newsroom