Tag: Personal Capital
Posted on March 11, 2021
- 2020 was another significant year for robo advisor trends: Empower buys Personal Capital, Motif closes doors, ESG investing on the rise
- Direct indexing becomes increasingly popular as BlackRock buys Aperio and Schwab buys tech from Motif
- Walmart announced a partnership with Ribbit Capital potentially making financial planning more available – another major robo advisor trend
Posted on March 2, 2021
February of 2021 included a few major announcements in the robo-advice industry. Although Goldman Sachs launching Marcus Invest dominated the headlines, other notable highlights included Titan’s Series A funding, the surge in new-openings at robo advisors like Acorns, and the launch of new innovative features at places like Edelman Financial Engines. Finally, although it has yet to make headlines, the managed-account component of Prudential LINK is closing.
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Posted on September 1, 2020
- Motif closed its doors after raising $126mm and being one of the early innovators in the space
- Empower purchases Personal Capital for approximately $1 billion representing the largest acquisition we have seen to date
- Goldman Sachs set to release robo in 2021 after falling behind competition. Will they have a last-move advantage?
Posted on August 26, 2020
- At the end of 2019, we estimate that robo advisors had approximately $631 billion of assets under management (AUM)
- The breakdown includes $247 billion with incumbents, $50 billion with independents, and $334 billion with robo retirement providers
- Our “Top 5” group experienced a 38% year-over-year increase through the end of 2019
Posted on July 2, 2020
The recent announcement of Empower acquiring Personal Capital represents the largest acquisition of a robo-advice firm to-date, but it is not without precedent. We have seen the relationship between retirement-plan providers, RIAs, and robo-advice technology come together before.
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Posted on June 4, 2020
Overview:
The robo-advice industry has led the way in changing the financial services industry to benefit the average investor. Robo-advice attributes like accessibility, low cost, and low minimums have dramatically impacted the investment management space and are now branching out to other areas including cash management, banking services, and retirement income solutions.
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