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The San Francisco based robo adviser will be used by UBS' U.S.-based advisers to improve efficiency by reducing the amount of time spent on activities such as portfolio construction.
The terms of the investment were undisclosed, SigFig last raised a Series B round in April 2015
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The company’s 7,000 advisers will begin using technology developed by a San Francisco start-up, SigFig Wealth Management, one of a growing group of so-called robo-advisers that are shaking up the brokerage business with low-cost, automated investing. UBS is also taking an undisclosed equity stake in SigFig and will develop investing technology alongside it. The two are expected to announce the moves on Monday morning.
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