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A comment on UBS Acquires Wealthfront for $1.4B. Parent comment

Re:UBS Acquires Wealthfront for $1.4B by vineyardmike on Thursday January 27, 2022 @04:05AM (#30098035)
> The money lives at interactive brokers, the cash flows through etrade

Why use e-trade (or ibkr) at all in this situation? What does this whole thing mean?

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