UBS wealth management moves downmarket
Its bid to expand business will take advantage of advances in digital technology
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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 UK customers with as little as £15,000 (S$25,612) 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 UK roll-out set for early 2017.
