Tag: Wealthfront
Posted on August 23, 2021
- According to the Bureau of Labor Statistics, the CPI for All Urban Consumers increased 5.4% from June 2020 to June 2021. This is the largest 12-month advance since the year ending August 2008.
- This coincided with new winning robo advisors: Schwab, Wealthfront, Schwab, & Morgan’s Inflation Conscious option.
Posted on May 26, 2021
- In 2020, the wealth-tech industry raised over $3.7 billion in new funding
- Betterment grew its AUM from approximately $18 billion in 2020 to over $28 billion
- Schwab experienced 51% growth in digitally advised assets
- Walmart is partnering with Ribbit Capital, a large Robinhood backer, to launch a service called Hazel
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 April 23, 2021
The California-based robo advisor Wealthfront has been rolling out various components of its grand vision called “Self-Driving Money”. This is a set of features that together creates a seamless flow from paycheck to long-term investing while taking care of everything in between.
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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 9, 2021
- The volatility of 2020 made for an interesting case study to observe robo advisor rebalancing
- Some accounts showed decisive rebalancing trades when the market was most fearful, displaying the merits of automatic robo advisor rebalancing
- We estimate that select robo advisors in our study earned an additional 0.50% to 1.50% due to automatic rebalancing in 2020
