Partnerships, funding rounds, startups, acquisitions – robos have had a busy year. More and more companies jumped on the robo-advising bandwagon this year, while independent companies grew exponentially and snatched big-name partners. While the current technology allows for a fully automated portfolio management system, we saw a lot of theRead More
Post Tagged with: "robo advisory"
In the transition from in-person advice from financial planners, to a fully robo experience available at your fingertips, there is (at least) one step in between: the cyborg model. In the world of financial advice, a hybrid advisory system, which combines fully automated algorithm-driven advice and certified (human) professionals, seemsRead More
In an environment of changing demographics and continuing emergence of robo-advisors, the role of a human advisor remains crucial. This was the message from Neesha Hathi, EVP of executive services platform at Charles Schwab, during the InVest 2016 conference last week. The company launched its fully automated Schwab Intelligent Portfolios last year,Read More
Wealth management will be the focus for Yodlee this year, and robo-advisory may well be a part of it. Yodlee has said before that the acquisition by Envestnet created an opportunity for the data aggregator to dive into the wealth management space. It is now a part of a largerRead More
More and more companies are jumping on the robo-advising bandwagon. Santander InnoVentures, the fintech venture arm of Santander Group, together with nine other major FIs and investors, today announced its investment in robo-adviser SigFig. SigFig netted $40 million overall from Comerica, Eaton Vance, New York Life, UBS and venture capitalRead More
Digital advisory — a.k.a. robo advisory — is a trend to “watch closely,” according to Kate Randall Danella, Regions Bank’s newest head of private wealth management. But adoption by the bank is likely years away. It’s a space we are watching closely and having conversations now. We look into howRead More