Tag: Cash Accounts
Posted on September 27, 2019
The term “Robo-Advisor” has become commonplace to describe a new breed of digital investment management solutions. Although there is not an official definition for the term, robo-advisors share a few key characteristics. Mainly, they are automated platforms that provide investment and financial planning services. Created in response to the lack of access to traditional advisors amongst less affluent investors, robo-advisors lower the cost and ease of investing in a professionally managed, globally diversified portfolio. They do this by leveraging algorithm-driven technology in the client management and investment selection process.
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Posted on August 2, 2019
- Betterment launches a new cash account with an industry-high APY; a debit card and checking account will soon follow
- Robos transition to more complete personal finance platforms
- Banking giant JP Morgan enters crowded robo field with You Invest Portfolios
- Merrill Edge adds Guided Investing with an Advisor
