Robo offers white-label version for advisers

InvestmentPOD, a Washington, D.C.,-based robo advice provider for advisers, has launched a white-labeled version of its multi-strategy product that RIAs can offer to clients as their own. InvestmentPOD for Advisors, as the service is known, is a multi-strategy and multi-asset-class approach to algorithmic advice, the company said in a release. Unlike other robo platforms that provide passive, long-only approaches, InvestmentPOD's algorithms are designed to deliver alternative, hedge-fund-like strategies through low-cost exchange-traded funds, the company said. "Passive, buy-and-hold strategies have resulted in significant losses over market cycles," said Jacqueline Ko Matthews, CEO and co-founder of InvestmentPOD. "Research shows that combining opportunistic and defensive strategies to complement a passive portfolio generates equal or higher returns with less risk." The company did not disclose pricing.