Much like vegetables, we should all be concerned with the Kind of Data and the Quality of Data. Choices of data (and veggies) abound and we need to pick the appropriate set-combo. Quality of Data is a more complex issue that troubles mostly risk managers and regulators but should alsoRead More
Post Tagged with: "robo-advisor"
What? Betterment suspended trading on Friday of the Brexit result for almost 3 hours. Why? Because ETFs became illiquid and mispriced. Betterment missed an opportunity to innovate in the way robo-advisors communicate in stressful market conditions. Betterment, one of the top Fintechs in the robo-advsior space, deployed old-fashioned finance practicesRead More
Wealth management has historically been a good source of revenue for banks, but it carried a significant cost, too. Smaller banks, with fewer resources, often cannot afford the employees that deliver the revenue. A new deal announced this week between wealth management firm Personal Capital and BancAlliance, a network of 200Read More
As UBS preps to expand its digital capabilities in wealth management, the bank will launch an Advisory Lab to further explore the most practical uses of robos, according to Richard Steinmeier, head of emerging affluent and the wealth advice center at UBS Wealth Management. The new lab will help UBS maintain a competitiveRead More
SigFig, a San Francisco-based robo advisor, partnered with UBS Wealth Management to create and customize digital tools for WMA’s 7,000 advisors, it was announced today. The tools will “complement” the existing expertise of UBS advisors, and not form a separate automated platform, SigFig said. This move is in line with SigFig’s strategyRead More
As I was “parsing” through the dozen aggregators of investment and capital markets news that I review, I saw a couple of additional streamlining of ETF offerings with lower fees: Low cost Beta strategies that entail fees of 9bps instead of 25bps or even 45bps. Essentially, x3 to x5 timesRead More