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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

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