Tag: United Income
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 September 3, 2019
- Betterment, Wealthfront forced to lower rates on high-yield cash accounts
- Capital One acquires United Income after buying 10% stake last fall
- Wealthfront acquires Grove as it looks to bolster its cash management technology
- Betterment reaches profitability
