Existing investors New York Life and UBS came back for a series E round that increased the wealth management platform's total funding to $120m.

US-based digital wealth management software developer SigFig has received $50m yesterday in a series E round that included insurance firm New York Life and financial services firm UBS.

Growth equity firm General Atlantic led the round, which also featured Bain Capital Ventures, a subsidiary of private equity firm Bain Capital, investment manager Eaton Vance and venture capital firms DCM Ventures, Nyca Partners and Union Square Ventures. 

SigFig has created a robo-advisor that provides financial management advice to users across a…