UBS Next Invests in Estate Planning Platform

"Trust & Will's platform helps to further digitalize and personalize an increasingly important aspect of wealth management: estate planning," Mike Dargan, UBS Group chief digital and information officer, said in the announcement. "With this investment, we are exploring services beyond banking where we can partner to deliver real value for our firm."

Trust & Will's platform provides a simple, quick and secure way to set up trusts, wills and guardianships online in the U.S., according to UBS. "The company's platform modernizes estate planning with a design-first approach, layered on top of customer support that helps families customize documents to meet their needs, while ensuring they adhere to individual state guidelines," the wirehouse said.

UBS Next enables the wirehouse to "engage with fintech companies, accelerate innovation efforts, and shape the future of banking for the benefit of UBS clients," it said.

The investment platform mainly pursues minority, direct investments into early stage (series A and series B) fintech and technology companies with strategic and financial relevance (such as direct business or client impact or catalyst for platform/process improvements), it added.

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