WealthTech’s Wealthy Wins: Mega M&As

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Innovation and investments have been the key trends in the WealthTech industry over the last decade. Its recent claim to fame with the high value mergers and acquisitions is driven not only by incumbents like Goldman Sachs, JPMorgan Chase, and Charles Schwab, but also by FinTech players such as SoFi, Acorns, and NuBank. While the financial details of most of the deals remain undisclosed, the sheer size of the acquirers has been sufficient to garner attention. In this post, we take a closer look at some of the mega mergers and acquisitions that the sector witnessed in the recent years. Incumbents Flex Their Financial MuscleOne of the biggest transactions in the WealthTech world was unveiled on 26th Jan, 2022 – when Swiss Banking Giant UBS announced its acquisition of robo-advisor Wealthfront in an all cash deal valued at $1.4B. With an asset size of over $1T, UBS will be able to support its growth plans in the US by leveraging Wealthfront’s state-of-the-art digital platform tailored for the next generation of mass affluent investors. In a bid to compete with established retail banking and FinTech rivals, JPMorgan Chase acquired British digital wealth management platform Nutmeg in a blockbuster transaction valued approximately […]

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