Tag: UBS
Posted on May 24, 2021
- Not all robos implemented tax-loss harvesting to the same extent. While some realized net losses of over 8% of the account value on the year, others did not realize any losses at all
- TD Essential Portfolios and Schwab Intelligent Portfolios were top choices for tax-loss harvesting over the year
- SigFig, UBS, and Citizens were at the bottom of the pack with virtually no net realized losses on the year
Posted on March 8, 2020
- The recent shock from the coronavirus has pushed the down S&P 500 down as much as 27%
- The drop provided robo advisors with an opportunity to place tax-loss harvesting trades
- Only a few robo advisors have heavy fixed income allocation to Treasury bonds, one of the few areas of the market that has fared well during the crisis
Posted on March 5, 2020
- The recent shock from the coronavirus has pushed the down S&P 500 down as much as 15%
- The drop provided robo advisors with an opportunity to place tax-loss harvesting trades
- Most robos exhibited similar upside and downside capture ratios, with a few exceptions
Posted on May 18, 2019
Robos expand into banking and cash management, as high yield account options have proliferated among direct to-consumer fintech platforms
Wealthfront joined the growing trend of fintech companies that offer high-yield accounts designed for cash savings. Betterment announced their cash management program late last year, as did trading app Robinhood. Robinhood launched its product with an aggressive 3% interest rate, but made a regulatory miscalculation and quickly pulled their product offline to reconfigure. Although these savings vehicles often appear very similar, there can be important differences. For example, Wealthfront places funds in FDIC insured bank accounts, while Betterment’s product invests funds in a conservative fixed income portfolio.
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