Willkie represents top robo-advisor Wealthfront on regulatory aspects of its sale to UBS.
On January 26, UBS and Willkie client Wealthfront, a leading automated wealth management provider, signed an agreement under which UBS will acquire Wealthfront in an all-cash transaction valued at $1.4 billion.
The acquisition is expected to accelerate UBS’ growth ambitions in the US, broaden its reach among affluent investors and expand its distribution and capabilities.
With over $27 billion in assets under management and more than 470,000 clients in the US, Wealthfront’s platform helps clients manage their wealth by providing access to financial planning capabilities, banking services and investment management solutions.
Switzerland-based UBS is a leading global wealth manager, providing large-scale and diversified asset management, focused investment banking capabilities, and personal and corporate banking services.
The Willkie team serving as regulatory counsel to Wealthfront was led by partners P. Georgia Bullitt and Justin Browder and counsel Brant Brown.