UBS’ Acquisition of Wealthfront

Fenwick & West and Willkie Farr & Gallagher advised Wealthfront on the deal.

Wealthfront, an automated wealth management provider serving the next generation of investors, announced its agreement to be acquired by financial services company UBS in an all-cash transaction valued at $1.4 billion.

Wealthfront will become a wholly owned subsidiary of UBS and will operate as a business within UBS Global Wealth Management Americas. The transaction is currently expected to close in the second half of 2022, subject to closing conditions including regulatory approvals.

Wealthfront’s state-of-the-art, digital only platform tailored to next gen affluent investors will accelerate UBS’s growth ambitions in the United States.

Switzerland-based UBS is a leading global wealth manager, providing large-scale and diversified asset management, focused investment banking capabilities, and personal and corporate banking services.

Wealthfront integrates investing and banking services to make it delightfully easy to build long-term wealth. The company currently oversees $27 billion for over 470,000 clients in the US.

The Fenwick transaction team was led by corporate partners Michael Brown (Picture) and David Michaels, and included associates Victoria Lupu, Jiarui Li and Riddhi Adhikari; executive compensation and employee benefits partner Shawn Lampron and associates Christophe Delrieu and Jeri Brown; technology transactions partner Ralph Pais and associates Julia Arruda, Andrew Martinez and Heba Tawadross; regulatory partners Mark Ostrau and Tom Ensign, and associate Kaylynn Noethlich; privacy and cybersecurity partner Jim Koenig, director Brent Hoard and manager Sarah Borchers; and tax partner Will Skinner and associate Michael Knobler.

The Willkie team serving as regulatory counsel to Wealthfront was led by partners P. Georgia Bullitt and Justin Browder and counsel Brant Brown.

Involved fees earner: Riddhi Adhikari – Fenwick & West LLP; Julia Arruda – Fenwick & West LLP; Michael Brown – Fenwick & West LLP; Christophe Delrieu – Fenwick & West LLP; Michael Knobler – Fenwick & West LLP; James Koenig – Fenwick & West LLP; Shawn Lampron – Fenwick & West LLP; Jiarui Li – Fenwick & West LLP; Victoria Lupu – Fenwick & West LLP; Andrew Martinez – Fenwick & West LLP; David Michaels – Fenwick & West LLP; Mark Ostrau – Fenwick & West LLP; Ralph Pais – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Heba Tawadross – Fenwick & West LLP; Justin Browder – Willkie Farr & Gallagher; Brant Brown – Willkie Farr & Gallagher; Georgia Bullitt – Willkie Farr & Gallagher;

Law Firms: Fenwick & West LLP; Willkie Farr & Gallagher;

Clients: Wealthfront;

Martina Bellini

Author: Martina Bellini