UBS Goes Organic After Scrapped Wealthfront Deal After breaking off the deal with US robo-advisor Wealthfront, UBS will take a different approach to attract its next generation of wealth management clients. Now that the $1.4 billion deal between UBS and US online wealth manager Wealthfront was terminated earlier this month, Switzerland''s largest bank is to take an «organic» approach in bringing the next generation of wealth management clients into the UBS fold. «We are back to our organic plans,» UBS Group chief financial officer (CFO) Sarah M. Youngwood told an audience at the Barclays Global Financial Services Conference , according to a report on the « advisorhub » portal. HENRYs Instead, UBS is will work on creating proprietary wealth management tools, offering advice from the chief investment office to go after clients in a market with $6 to $8 trillion in assets known as HENRYs. «What we think we want to do there is address HENRYs, High Earners Not Reached Yet,» Youngwood said, according to the report. Even without Wealthfront, which has about $27 billion in assets and 470,000 clients, UBS is not without its own robo-advisory product and can offer clients its UBS Advice Advantage which is aimed at clients starting at $10,000.