PayPal Enters the Robo-Advisory Business
The electronics payment firm has announced a new partnership with Acorns, the micro robo-advisory firm.
Wells Fargo Finally Launches Its Robo-Advisory Service
Intuitive Investor is available for clients with a minimum $10,000 in assets for a fee of 50 basis points.
Merrill Edge Exec: What New Technology Means for Clients
In an interview with ThinkAdvisor, Aron Levine highlights the thinking behind Merrill Edge's DIY platform, robo offering and virtual assistant.
Schwab Ruled the Robo Roost in Q3
A model portfolio invested with Schwab's consumer-focused robo-advisor outperformed comparable portfolios on other platforms, according to a benchmarking report.
Betterment Adds Smart Beta and Targeted Income Strategies
The additions are meant to address the investment needs of the firm's increasingly diverse client base.
Fidelity Launches Robo Platform for Advisors
The Automated Management Platform allows advisors “to seamlessly manage digital accounts” alongside more traditional accounts, Fidelity says.
Vanguard Is Way Ahead in the Robo Race
Its AUM at the end of the first half is more than four times the AUM of Schwab, its closest rival.
Schwab’s Robo-Related Assets Surge to $19.4B in Q2
Meanwhile, TD Ameritrade says its total client assets jumped 20% from last year.
JPMorgan Moves Ahead on Robo-Advisor, but Doesn’t Call It That
The bank refers to it as an “automated” advisor; CEO Dimon says the firm spent $600 million on fintech last year.
Raymond James Is Ready to Robo
The firm, which works with over 7,000 advisors, plans to launch its own robo advisor later this year.