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“The wealth tech solution market in North America is expected to grow from US$ 18.81 billion in 2021 to US$ 42.06 billion by 2028."
Valuations have collapsed even faster than they climbed, making fresh funding hard to come by
Wealthtech funding increased last year as firms are betting that new technology can help slash costs, while increasing client assets.
Betterment may now have a significant bullseye on its back from potential buyers after the $1.4 billion megadeal for Wealthfront.
Wealthfront will become the foundation of a new UBS offering, but determining how to successfully integrate the tech could be a challenge.