Re:UBS Acquires Wealthfront for $1.4B
by paxys on Wednesday January 26, 2022 @01:59PM
(#30090091)
$27B and $8B AUM are both peanuts, and I imagine not a big factor in determining valuation for these robo-advisors. Corporations are likely more interested in the number of users, demographic breakdown (mostly well-off millennials), their financial data, credit profiles and upsell opportunities.
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Re:UBS Acquires Wealthfront for $1.4B
by short_sells_poo on Wednesday January 26, 2022 @02:07PM
(#30090213)
This. The amount of money they manage is a mouse fart in a hurricane when it comes to such low fee business as robo advisory. That a robo advisor can get $5bln valuation on having $8 bln of assets speaks either to the silliness of the valuation or that the value is not in the assets managed (likely a combination of both factors).