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JPMorgan Is Said to Have Explored Buying Robo Adviser in 2015

  • Dimon has been vocal about ramping up technology at the bank
  • SigFig wanted to partner rather than sell to one firm

JPMorgan Chase & Co., which is building an automated investment service for its wealth-management division, previously looked at buying one instead.

The largest U.S. bank explored acquiring robo-adviser SigFig Wealth Management LLC in 2015 to speed up its technology push, people briefed on the talks said. The conversations took place before SigFig agreed to a partnership with UBS Group AG’s Americas wealth-management business in 2016.