The SEC slams the robo advisory industry for deceptive advertising and lack of compliance with the fiduciary standard. Read the latest robo news, learn who the new players are in the digital wealth management sphere, uncover who’s using robos and discover the upcoming online wealth management trends.
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Robo-Advisors Continue to Grow, Expand Offerings Springtime robo-advising news brought us a host of good news. While much of the financial world is still uncertain due to changes in the economy as a result of COVID-19, one thing is very clear: robo-advisors aren’t going anywhere! In fact, the robo-advising field has only grown over the
There is no stopping the growth of the robo advisor market. With interest rates in the toilet – the stock market is seen as the only place to invest and strive for decent returns on your money! The latest robo advisor news, and asset growth inderscores the promise of this industry. Launched in the wake
“M1 believes people should always have their money working for them in a way that aligns with their objectives and values.” Brian Barnes, CEO M1 Finance Regardless of what you call it; socially responsible investing, ESG investing, impact, sustainable or socially conscious investing, the genre is exploding. To answer the need for values-based investing, ESG
Betterment is one of our favorite robo-advisors. These Betterment promotions add to the the appeal of the Betterment robo-advisor. Unlike traditional financial advisors who tend to require a six-figure minimum investment and charge more than 1.0% AUM fee, Betterment helps beginner-to-advanced investors automate and manage their investing for a low fee. Betterment top features include:
When our Spring edition of robo-advisor news appeared in May, the world was still reeling from COVID-19. Though we have seen some wild changes in the market, the general prognosis for robo-advisors stays positive. In fact, many robo-advisors are hitting record levels of assets under management (AUM)! Big financial companies are also purchasing robo-advisors for
The Wealthfront Cash Account is unique. It is a combined high-yield savings and checking account. It’s unusual to find a “banking account” that offers both high interest and bank features like a debit card, direct deposit and zero fees. Wealthfront is an affordable, user-friendly robo that gives clients excellent service for a low account management
Latest Robo-Advisor News Since the COVID-19 pandemic began, all aspects of our lives have changed. In addition to worrying about our health, we have also had to wonder about the fate of our investments. The latest robo-advisor news illustrate that Americans continue to believe in the power of investing. Many of you may be wondering:
How to Take Advantage of a Stock Market Crash Robo-advisors are wonderful during a stock market crash as they insert a layer between your emotions and your investments. Robo-advisors can select the best investments for you during a stock market crash. DIY investors can learn from how robo-advisors invest. Its rarely wise to let your
Robo-Advisor Performance As a multi-decade investor I know the allure of high investment returns. It’s wonderful to imagine that a fund’s 20% one-year return will continue into the future. Many investors make that assumption and jump into the funds with top returns. Robo-advisor performance records allow you to find out who those winners are! But,
Wealthfront Borrow Review Are you a Wealthfront customer who was so busy investing you forgot to leave out some cash to put down on your car? Are you getting married and your Wealthfront account is on track, but you lack cash to pay for the wedding? Forgot to fund your emergency account, even though your
The cutting edge of wealthtech, fintech, robo-advisors and RIA adoption of technology was showcased at this years InVest West conference. Sponored by Sourcemedia, the home of FinancialPlanning and American Banker, the conference delved into the transformation of the wealth management industry. Highlights included conversations Joshua Levin of OpenInvest the socially consious robo-advisor, Andy Radcliff of
The robo-advisory landscape is changing at lightspeed. With Vanguard broadening it’s options to the growth of the industry, it’s tough to keep up. To be perfectly candid, trying to keep up with the changes in robo-advisory landscape is a full time job. Although we’re typically focused on U.S. robo-advisors, we need to cover the premier
The Robo-Advisor Competition Lost Two More Niche Players Since the close of Hedgeable last summer, new robo-advisors have launched. But, gaining customers and competing against legacy platforms like Betterment and Personal Capital is another matter. This summer, active investing hedge-fund robo-advisor Qplum closed it’s doors. It’s founders, idealists Mansi Singhal and Guarav Chakravorty, wanted to
Are Robo-Advisors Good in Volatile Markets? One of the biggest questions about robo-advisors is whether they will stand the test of time. As Sean Allocca from Financial Planning notes, the bull market has turned volatile leaving some to wonder about the ability of robo-advisors to handle the downturn. Yet many financial professions believe the potential
Best Robo-Advisor Performance this Year Investors love lists of the best robo-advisor returns and robo advisor performance data. If your robo receives a good robo advisor ranking then you’re happy because you believe that you made the “right” investment choice. In fact, many investors want to choose their robo-advisor, based upon the best robo-advisor returns.
Robo-Advisor News – Betterment, Human Advisors, Wealth Building and Social Media Fintech trends are hitting the robo advisory industry. Robo-advisors, the new-ish fintech darlings are now in their second decade. And along with the growth comes hiccups, missteps and competitive market shake ups. The recent fintech news, spans various robo-advisor news, market shifts and missteps.
I’ve had a love affair with Robo-advisors for three years. I have accounts with roughly five and I’m poised to open several more in the upcoming months. I was elated, when I read that the Schwab robo-advisor subscription model launched. Robo-advisors or digital investment managers award innovation, better products, and lower fees for consumers. They’re
By staff columnist, Alexandra Deluise This month is a positive one for robo-advisors. While there are always ebbs and flows in this fintech market, our news sources have focused on the ability of robo-advisors to adapt and grow in response to the needs of investors. Wealthfront in particular gets a lot of attention this month; the