5 robo-advisers with the most client assets

5 robo-advisers with the most client assets
Robo-platforms are projected to have about $385 billion in client assets by the end of 2021, according to Cerulli Associates.
JUN 06, 2017
Think of Google's dominance of search engines. That's about how much America's largest robo-adviser leads in the digital and mostly-digital financial advice marketplace. Today, these five top robo-platforms have a combined $100 billion in client assets, and the market is headed way up in the next few years. It's projected to reach about $385 billion by the end of 2021, according to Cerulli Associates.
Top 5 digital advice platforms
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.

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