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The acquisition of Wealthfront, which has more than 470,000 clients in the United States, $27b+ in AUM and caters to well-off millennial and Gen Z investors, is set to close in the second half of 2022.
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"UBS will accelerate its growth ambitions in the U.S., broaden the firm's reach among affluent investors and expand its distribution and capabilities," the two companies said in a statement on Wednesday.
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