Tag: Financial Planning
Posted on February 4, 2021
The start of 2021 included several major announcements that have the potential to shake up the robo-advice industry. Here are four articles in January that our team found insightful.
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Posted on January 27, 2021
After a tumultuous 2020, we look to the year 2021 with a fresh set of eyes. We anticipate there will be a few notable trends that will not only continue but evolve. We expect direct indexing, Socially Responsible Investing, and financial planning applications to make a growing impact on the space.
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Posted on April 28, 2020
In the not so distant past, professional financial advice and investment management were only available to households with sufficient wealth. This began to change a decade ago, when startup financial firms digitally automated the investment management process, enabling them to offer professionally managed portfolios at low costs and low to no minimums. Fast forward 10 years and nearly every major financial institution in the United States either offers or owns a stake in a robo advisor. The individual who previously had no access to such investments is now overwhelmed with choices. Below, we provide insight into the most important factors one should consider when selecting a robo advisor. If you are unfamiliar with robo advisors or how they work, we suggest you first read our post, What is a Robo Advisor?
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Posted on January 10, 2020
December caps off a strong 2019 for robo advisors. A November report by the Aite Group claims that assets managed by robos are up 10% over the first three quarters of 2019. This does not account for a roughly 10% increase in equity markets in the fourth quarter. At least two robos, United Income and Twine, passed the $1 billion in assets mark. The report paints a bright future for the industry, predicting a four-fold increase in robo assets by 2023.
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Posted on December 6, 2019
Robo advisors are a high-tech solution to investment management, enabling individuals to invest in a professionally managed and diversified portfolio in less than 30 minutes. As robo offerings have proliferated, a select group has stood out for its wide breadth of technology. The startups who brought the technology to the public nearly a decade ago—Wealthfront, Betterment, and Personal Capital—offer easy-to-use platforms packed with integrated technologies.
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Posted on November 21, 2019
Should you use a robo advisor? Whether you are new to investing or not, the automated investing technology that robos provide can alleviate some of the stress and confusion related to investing. If you are not familiar with robo advisors, we suggest reading our breakdown first.
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