Allocations to cash helped Schwab's robo post the second-best one-year trailing performance, according to a new report from Condor Capital.
The SEC and the CFTC are looking at the bank's retention of employee communications related to the use of unapproved messaging apps, it disclosed in a filing.
Two types of worrisome trends emerge in the app landscape that financial advisors must watch out for.
Perfection is impossible for a data migration of this magnitude, but Schwab’s leadership is ready to tackle any technical hiccups on the field.
Survey suggests Americans would embrace AI investing; plus news on Facet and Interactive Brokers.
The digital record keeper is now administering ABLE programs for 20 states.
The month's highlights include Elements adding $5 million more in funding, TradingFront shutting down and Zoe Financial launching a TAMP for advisers in its lead generation network.
The robo-advisor is also reportedly closing its Philadelphia office and subleasing a floor of its New York City office.
A recent survey by CFA Institute found 20% of retail investors say their primary reason for using trading accounts is entertainment or speculation.
The wirehouse's Video Pro guides advisors through creating compliance-approved content for clients and prospects.
AI can give you a deeper breadth of opportunities and broaden your scope of companies that may be considered innovative, according to State Street’s Matt Bartolini.
Plus a couple of fintech fundraising announcements and another alternatives platform hits the market.
Plus Pontera integrates with Envestnet, Tifin announces Morningstar collaboration, and Hearsay adds features to Sites.
The social media company is cutting off free access to its API, which will impact archiving tools used by financial advisors.
eMoney Advisor and FP Alpha have tools to help advisors with Roth conversions.
While advisors are in no immediate danger of displacement, simply repeating the 'people will always need a human advisor' mantra won’t stop the inevitable march of progress.
Smaller firms can still flourish amid the rampant M&A activity, but they need to employ targeted client development and strategic outsourcing.
It's safe to say that the more adept you are at selecting, implementing and utilizing the available technologies, the better off your practice and your clients will be.
Plus Morningstar adds investment planning to Advisor Workstation, Element secures $5 million and Kwanti announces an asset screening feature.
The AI tool explains that the market is too unpredictable to design such a fund, while warning about the need to pick investments that align with goals and risk tolerance.
