Tag: Robo Advisor
Posted on November 9, 2021
Goldman Sachs launched its Marcus brand in 2016, close to 150 years after the investment bank first opened its doors in 1869. Goldman designed the digital bank for people to “better manage their debt by providing fixed-rate, no-fee personal loans,” according to a statement by Goldman Sachs. The following year, the platform expanded by integrating an online deposit program. This piece is a Marcus Invest robo advisor review, including performance, as of March 2021.Read More…
Posted on December 4, 2020
Welcome to the Backend Benchmarking company update. In this email, we share news of our most recent Robo Report, the work our Development team is doing polishing the user interface and fixing bugs, an update on our most recent media appearances, and exciting results from our market research study with Columbia University.Read More…
Posted on November 17, 2020
- Robos have 8% adoption across the US, according to Hearts and Wallets
- Millennials show higher adoption rates of robos, especially those with more to invest
- Fidelity, Bank of America, and Schwab launch new, free financial planning tools that are natural funnels to investment management
- Wealthsimple and M1 raise large sums of new funding despite recent industry closures
Posted on February 20, 2020
- Interactive Advisors’ unique approach gives clients more control and access to active strategies.
- Fractional shares and low-cost trading pose a threat to the dominance of ETFs.
- Industry-wide, digital planning tools need improvement before they can compete more fully with traditional advisors.
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.Read More…
Posted on September 21, 2019
When digital investing was first introduced, platforms quickly began accumulating assets. Digital advisors were labeled industry disruptors, as talks of fee compression, the commoditization of professional asset management, and disruption of the investment advice industry ran rampant. Digital advice providers had the advantage of emerging during a historic multi-year bull market. Over the last four years, the market has continued to mature, adoption has spread across major financial institutions, and new consumer trends have emerged. An increasing number of companies are battling for market share and institutions have developed their own offerings. In the race to achieve scale, the largest independent advisors continue to expand product offerings to stay a step ahead of incumbent players and maintain impressive rates of asset accumulation.