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09

UBS Wealth Management Moves Downmarket in Bid for More Clients

By Tony Seruga

Swiss bank to offer U.K. customers online investment service
Service available for those with 15,000 pounds to invest

UBS Group AG, the world’s biggest manager of money for the wealthy, is going downmarket in a bid to scale up.

Starting next month, the Swiss bank will give some U.K. customers with as little as 15,000 pounds ($18,645) to deploy access to an online service that invests their money based on information they provide about themselves. In time, other countries will be included in the “SmartWealth” platform, with the full U.K. roll-out set for early 2017…

UBS Wealth Management Moves Downmarket in Bid for More Clients

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