UBS has closed its robo-adviser SmartWealth to new clients and sold the intellectual property rights to US-based firm, SigFig, for an undisclosed amount.
The Swiss firm suggested its reason for selling was that the near-term potential of the robo-adviser was "limited". The decision to sell was made after conducting an assessment of the service. ...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November