Displaying 123 results
People don’t get how robos work, and that’s a problem, J.D. Power finds
Demand for robos might be cooling, but many are still interested in them, despite a lack of understanding.
SEC’s Gensler takes aim at robo-adviser investing strategies
The Securities and Exchange Commission chairman raised questions about the effect that behavioral prompts — like encouraging clients to trade more often or using algorithms to steer them into high-risk, high-fee products — might have on investing outcomes.
Despite the hype, future of advice is hybrid: Vanguard
According to a new study published by The Vanguard Group Inc., the vast majority of advised clients aren't interested in totally digital advice.
Best-performing robo-advisers of 2021
The latest edition of the Robo Report by Backend Benchmarking tracks 58 accounts at 35 different providers and includes both qualitative factors, such as financial planning features, as well as the performance metrics.
Shariah robo-adviser charged, penalized by SEC
The robo RIA, Wahed Invest, misled its clients about its proprietary funds, according to the SEC.
Comedy or tragedy? The curtain is rising on robos’ third act
The attractiveness of stand-alone robos, coupled with the ample dry powder at large financial services players, could mean more acquisitions are on the horizon.
The rise of the crypto robo-advisors
Recent market volatility is making crypto robos more appealing in the traditionally passive world of digital advice.
UBS gets dose of digital disruption
CEO Ralph Hamers is on a mission to pull UBS into the digital age, and last week's announcement of the bank's acquisition of robo-adviser Wealthfront was his first move.
UBS buys Wealthfront for $1.4 billion in major push into US market
The largest Swiss bank said the acquisition will accelerate its growth in America, broadening the firm’s reach to more mass-affluent investors.
UBS buying Wealthfront for $1.4 billion in cash deal
The acquisition will add more than $27 billion in assets under management and over 470,000 clients in the U.S., the bank said.
The latest in financial #AdviserTech — January 2022
The first installment of a two-part series looking at the major trends in the financial adviser ecosystem that shaped big AdviserTech events in 2021, and what those trends portend for the year to come.
SEC warns of widespread issues with robo-advice
The agency issued a risk alert and deficiency letters to almost all of the robo-advisers examined, citing shortcomings in how the companies manage portfolios and disclose conflicts. The alert could signal future enforcement actions.
Robo-advisers brace portfolios for rising inflation
As the stock market slowed in the third quarter, investors continued to process multiple market influences underscored by supply chain disruptions and pent-up demand from reopening economies.
Wealthfront explores potential sale
A transaction could value the robo-adviser, which has drawn interest from banks and special purpose acquisition companies, at as much as $1.5 billion.
SEC exam sweep shows advisers overcharging clients
In a separate exam sweep, the SEC found that robo-advisers weren't acting in clients' best interests and were misleading in their advertising.
J.P. Morgan opens remote adviser business
The new registered investment adviser unit, J.P. Morgan Personal Advisors, operates under the roof of J.P. Morgan Wealth Management and will launch broadly next year.
Budgeting app Douugh launches robo advice
The robo-adviser allows users to choose between six types of portfolios using exchange-traded funds that are curated by investment experts.
How much does Schwab’s cash sweep really cost clients?
A new study by the research firm Backend Benchmarking estimates the high cash allocation in the company's automated portfolios may have cost investors more than $500 million over six years.
Titan Invest secures $58 million, preps crypto offering
The robo-adviser has experienced rapid growth over the last 12 months, reaching its first $500 million in assets under management in March with 26,640 users on the platform.
M1 Finance funding pushes valuation to $1.4 billion
With a total of $300 million in funding in a matter of months, the robo-adviser has grown employee head count to over 250 and AUM to $4.5 billion.
