UBS to launch robo-advice service

Available to consumers in early 2017

UBS is to launch a robo-advice service, to be called SmartWealth, in early 2017.

For a minimum investment of £15,000, SmartWealth will recommend regulated investment strategies based on a client's attitude to risk, while also taking into account their life stage, assets and goals. Clients' portfolios will be adjusted on an ongoing basis relative to the views of the company's worldwide research and investment experts, the firm said. A select group of customers will have access to the proposition from November, before its full launch early next year. Consumers will pay all-inclusive rates of 1% for passive portfolios and 1.7% for active portfolios. While UBS said...