| AUM | Launched | Human advice | Cost | Minimum | Interesting feature | ||
|---|---|---|---|---|---|---|---|
| /assets/graphics src="/wp-content/uploads2017/06/CI110548531.JPG" | Vanguard Personal Advisor Services | $65 billion (as of May 15, 2017) | 2015 | Clients can call into a center for live financial advice, and those with at least $500,000 work with a dedicated adviser. | 0.3% of AUM management fee | $50,000 | Two-decade history of providing advice to individuals. |
| /assets/graphics src="/wp-content/uploads2017/06/CI110549531.JPG" | Schwab Intelligent Portfolios | $15.9 billion(as of March 31, 2017) | 2015 | Customer support 24/7 via phone, email and chat. | None. | $5,000 | Schwab introduced a hybrid service Schwab Intelligent Advisory with a $25,000 minimum that charges a .28% annual advisory fee and includes ongoing access to a planning consultant. |
| /assets/graphics src="/wp-content/uploads2017/06/CI110550531.JPG" | Betterment | $9 billion(as of March 30, 2017) | 2010 | Clients with at least $100,000 in assets can pay a .4% annual fee for an annual call with our team of CFP professionals and licensed experts; those with $250,000 can pay a .5% fee for unlimited email and telephone advice from CFP professionals and licensed experts. | 0.25% of AUM management fee | None | The largest independent digital platform is seeking wealthier clients and may introduce alternative investments to its platform. |
| /assets/graphics src="/wp-content/uploads2017/06/CI110552531.JPG" | Wealthfront | $6.5 billion(as of May 30, 2017) | 2011 | None. | Free for first $10,000, beyond that .25% of AUM annual management fee | $500 ($100,000 for tax optimized direct indexing) | Its has a program to help clients who hold shares in their public company employers to sell that stock tax-efficiently and commission free. |
| /assets/graphics src="/wp-content/uploads2017/06/CI110553531.JPG" | Personal Capital | $4.3 billion(as of May 2017) | 2011 | Since 2011 its digital offering has included human adviser help by phone, web conference, chat or email. | 0.89% annual advisory fee for first $1 million in assets (fee decreases as assets increase) | $100,000 | Firm's retirement planner shows users if they are in good shape for retirement based on data from their linked accounts and considerations such as if they are having a baby or putting kids through college. |
The Omaha, Nebraska-based RIA's latest acquisition expands its Rocky Mountain footprint after two prior Colorado deals last year.
Operational drag between an advisor signing and accounts going live is emerging as a competitive liability for wealth management firms.
Bain says companies face a "winner's paradox" as AI transformation collides with complex integrations.
Deal lifts global assets to roughly $523 billion under management.
Choice anxiety, prestige bias, and the temptation to make selections based on outsourced confidence are just some of the parallels between investing and the world of wine tasting.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
