Top 5 robo-advisers by AUM

It is no secret that financial giants like Charles Schwab and Vanguard Group have disrupted the robo-adviser industry

Feb 25, 2016 @ 12:42 pm

By Alessandra Malito and Ellie Zhu

+ Zoom

It is no secret that financial giants like Charles Schwab & Co. and Vanguard Group have disrupted the robo-adviser industry. Just look at their assets under management.

Schwab and Vanguard both launched automated platforms last year — Schwab Intelligent Portfolios, its retail version, in March, its institutional version Schwab Institutional Intelligent Portfolios in June and Vanguard Personal Advisor Services in May — but both have accumulated assets quickly, from new and also existing accounts.

Meanwhile, Betterment has been expanding, with the launch of Betterment Institutional in late 2014 and Betterment for Business, a 401(k) plan provider for employers. Wealthfront is staying true to its robo roots and staying direct-to-consumer.

* A filing error with the SEC found during reporting reflected an incorrect AUM of $11 million, according to a Personal Capital spokeswoman, who provided the correct AUM.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

Events

Beyond coding: Behind the scenes of Fuse 2017

Fuse is a one-of-a-kind event where developers from various fintech firms come together and work towards a common goal. Although the nights are long, a ton of innovation comes out of the event, as everyone has a bit of fun along the way.

Video Spotlight

Are Your Clients Prepared For Market Downturns?

Sponsored by Prudential

Video Spotlight

Path to growth

Video Spotlight

Path to growth

Latest news & opinion

What not to say to clients when the markets drop

Here's what advisers should steer clear of saying the next time stocks turn downward.

SEC bars former rep for alleged share price manipulation

George Thoreson tried to keep penny stock's price high to enable Nasdaq listing.

Nevada fiduciary law raises concerns among retirement professionals, brokerage industry

Critics complain that it conflicts with ERISA and SEC rules and has potential to spur other states to pass their own version of a fiduciary rule.

A special need for financial advice

Advisers don't have to be experts to help special needs families get a jump on lifelong planning.

Broker-dealers and RIAs at loggerheads over fiduciary rule delay

Companies and groups weighing in with comment letters have vastly different viewpoints on the delay's potential impact.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print