Displaying 123 results
Schwab’s $200 million charge puts focus on robo-advisers
As robos have become increasingly popular, their automated investing choices have come under greater scrutiny.
Schwab to take $200 million charge on SEC investigation
The company said the SEC is looking at disclosures around the Schwab Intelligent Portfolios product, which had $64 billion in client assets at the end of March.
Stash to acquire PayGrade, surpasses $3 billion AUM
Stash announced its first acquisition of financial literacy platform PayGrade following an increase in assets under management.
Principal shuts down RobustWealth for advisers
RobustWealth, which includes digital advice, goal-based investment tools and client onboarding, will stop servicing advisers in September.
Olympian Apolo Ohno joins Personal Capital wellness campaign
Personal Capital is the latest wealthtech to leverage star power to promote brand awareness via financial wellness marketing campaigns.
SEC fines robo-adviser Emperor Investments for false disclosures
SEC slapped Emperor Investments with a $25,000 fine. The charges mark the third enforcement action brought by the SEC against digital advisers.
Acorns to go public via $2 billion SPAC deal
Acorns is the latest wealthtech company to go public via blank-check merger, following competitors like SoFi. Launched at the end of 2014, the fintech is a subscription-based automated investing and banking app.
Wealthtech funding hits record $5.6 billion in Q1
In the first quarter, a total of 86 deals took place, and the wealthtech sector already has outpaced 2020’s year-end total funding of $5.2 billion.
Pandemic fuels rapid growth for robo-advisers: Report
Robo-advisers are expanding services and growing assets at a rapid pace, further cementing their place in the financial advice industry.
How online trading is driving investors to human advisers
Self-directed investors are reaching thresholds that are starting to make professional financial advice more appealing.
Wealthfront, Betterment, SoFi expand offerings
Robos are continuing to make incremental product expansions to make their digital advice platforms more competitive with incumbent banks.
Betterment account openings skyrocket 116% in first quarter
Betterment's push to expand across multiple business lines and recent M&A activity could be prompting the robo-adviser toward new gains.
Meet the first crypto robo-adviser Makara
Makara is an SEC-approved robo-adviser gearing up to provide investors automated services with a focus on cryptocurrencies. The product will charge a combination of a 1% management fee plus an annual fee.
Merrill drops robo-advice minimum to $1,000
Merrill’s digital advice platform, which launched in 2017, originally had a minimum investment of $5,000.
Top 5 largest robo-advisers by AUM
Vanguard reigns king for incumbents disrupting the robo-adviser space, while Betterment continues to manage the most assets among independents.
Bitcoin, GameStop, robos: Update on fintech reg
Given the events so far this year, regulation of these topics is likely top of mind for policymakers under Biden, according to experts.
M1 Finance lands $75 million to double employees
With a total of $173 million in fresh funding in a matter of months, M1 Finance looks to scale in the highly competitive robo-advice space. The company will increase its headcount to roughly 300 employees.
Betterment acquires Wealthsimple’s US accounts
Wealthsimple will transfer all of their existing U.S.-based customers to Betterment, and will no longer support accounts based in the U.S.
Stash enters robo-advice with Smart Portfolio
With $125 million in fresh funding, Stash officially launched Smart Portfolio to allow users to opt-in for fully managed portfolios.
Betterment signs 401(k) deal with HR platform Zenefits
Zenefits will offer Betterment plans to the small and midsize businesses that use its platform.
