Latest Wealth management News: Finextra Research

HSBC introduces robo-advisory service

HSBC UK is wading in to the robo advice market, launching an online advisory service that will deliver tailor-made recommendations based on an individual’s unique financial circumstances and needs

06 December 2018

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Moneyfarm acquires German digital wealth outfit vaamo

UK-based digital wealth manager Moneyfarm has acquired German compatriot vaamo, marking the company's entrance into a third European market.

20 November 2018

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Avaloq sets up fintech venture fund

Swiss financial technology house Avaloq is setting up a venture fund to invest in and support startups and fast-growing fintech businesses

13 November 2018

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N26 to offer Mastercard exchange rate with no mark-up in event of no deal Brexit

In an interview with Finextra, N26’s head of international markets Alex Weber reveals that in the event of a no deal Brexit, the German challenger bank will continue to offer the same Mastercard exchange rates as it currently does, despite the potential dissolution of the cross-border payment fee cap.

12 November 2018

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Deutsche Bank's DWS takes stake in Middle East digital investment firm

DWS Group, an asset manager majority owned by Deutsche Bank, has acquired a 15% stake in Neo Technologies, a Dubai-based digital investment platform. The value of the deal was not disclosed.

06 November 2018

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Got £20 a month to spare? Santander has a robo-advisor just for you

Banco Santander has launched a mass-market robo-advisory service for customers with as little as £20 a month to set aside.

05 October 2018

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DBS taps WhatsApp and WeChat for wealth client communications

Singapore-based DBS has launched a chat service that lets its wealth clients interact and transact with their relationship managers via WhatsApp and WeChat.

11 September 2018

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Facet Wealth raises $33m for financial planning platform

Facet Wealth, a financial planning and advice startup targeting US consumers, has raised $33 million in a Series A funding round led by Warburg Pincus.

10 September 2018

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UBS closes SmartWealth robo-advisor, sells tech to SigFig

Little more than a year after launch, UBS is shutting down its SmartWealth digital wealth management platform for non-super rich Brits and selling off the technology to US robo-advisor SigFig.

29 August 2018

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OCBC launches robo investment service

Singapore's OCBC Bank has launched a robo investment service using technology from local startup WeInvest.

23 August 2018

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Have the wheels come off the robo-advisory market?

Has the wealth management industry hit peak robo? That's the question being asked by Global Data following the restructuring of Hedgeable, the first actively managed robo-advisor, just short of it's tenth anniversary.

16 August 2018

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UBS puts digital clone of chief investment officer in branch

Wealth management clients visiting a UBS branch in Switzerland will soon be able to get advice from an AI-powered avatar of the bank's chief investment officer.

04 July 2018

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