20 October 2017

UBS strikes alliance with robo-advisor SigFig

16 May 2016  |  8763 views  |  0 UBS Building entrance 1

UBS has invested in wealth management tech firm SigFig as part of a strategic alliance that will also see the San Francisco startup create digital tools for the Swiss bank's US advisors.

SigFig will create and customise digital tools and services for some 7000 UBS Wealth Management Americas (WMA) advisors to help them guide clients on assets held at the bank and other institutions.

In addition to the equity investment (details of which were not disclosed), the two firms will create a joint advisor technology research and innovation lab, where UBS financial advisors, product experts and technologists can work with SigFig’s digital experts.

Tom Naratil, president, UBS Americas, says: "This alliance will strengthen our advisors’ ability to provide outstanding client experiences and outcomes by combining our expertise in relationships and personalized advice with SigFig's skills in technology, data science, design, and development."

Mike Sha, CEO. SigFig, adds: "Major enterprise partnerships are a key part of continuing to expand the reach of SigFig's investment technology platform, and we are excited to work with UBS WMA."

SigFig's own Web and mobile apps pull in users' data from things like 401k's and brokerage accounts into a single dashboard. The system then analyses the data and, once a week, diagnoses portfolios and provides advice on how users can boost performance.

The company has managed to secure major deals with media partners like CNN and USA Today, powering portfolio trackers on their sites. The strategy has helped draw in users, with the service now helping millions of people around the world track and optimize over $400 billion in assets.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Investment pros wary of robo-advisor threat

Investment pros wary of robo-advisor threat

04 May 2016  |  6620 views  |  0 comments | 8 tweets | 9 linkedin
Bussmann's holiday: UBS tech chief quits

Bussmann's holiday: UBS tech chief quits

30 March 2016  |  14174 views  |  0 comments | 19 tweets | 13 linkedin
Robo-advisor Betterment raises $100m

Robo-advisor Betterment raises $100m

29 March 2016  |  5915 views  |  0 comments | 13 tweets | 7 linkedin
UBS and Credit Suisse launch fintech accelerator

UBS and Credit Suisse launch fintech accelerator

22 March 2016  |  25184 views  |  1 comments | 49 tweets | 22 linkedin
Finra takes a closer look at robo-advisors

Finra takes a closer look at robo-advisors

15 March 2016  |  6950 views  |  0 comments | 7 tweets | 6 linkedin
RBC Wealth Management partners FutureAdvisor on digital advice pilot

RBC Wealth Management partners FutureAdvisor on digital advice pilot

02 February 2016  |  7262 views  |  0 comments | 9 tweets | 5 linkedin
UBS turns to AppDynamics for digital transformation effort

UBS turns to AppDynamics for digital transformation effort

27 January 2016  |  7836 views  |  0 comments | 12 tweets | 19 linkedin
BBVA Compass teams up with robo-advisor

BBVA Compass teams up with robo-advisor

13 January 2016  |  6857 views  |  0 comments | 11 tweets | 11 linkedin
Investment management outfit SigFig raises $15m

Investment management outfit SigFig raises $15m

03 July 2013  |  3394 views  |  0 comments | 1 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comRegister nowvisit www.fivedegrees.nl

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15922 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9021 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8162 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7196 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6337 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job