The Rich Are Already Using Robo-Advisors, and That Scares Banks
Some 15% of Schwab's robo-clients have at least $1 million; Morgan Stanley, Wells Fargo, BofA planning automated services.
Wirehouses Gear Up on the Tech Frontier
The largest broker-dealers aim to become more technologically nimble — and the results are starting to show.
Invesco Buys Jemstep
With the deal, Invesco wants to "unite world-class investment management capabilities, Silicon Valley technology and expert human advice to deliver a comprehensive digital solution."
Does Your Advisory Firm Really Have an Answer for the Robo Threat?
AssetMark's "purpose-based" module has a language and approach that are different enough to resonate with a different set of planners — and clients.
Think Robos Don’t Appeal to the Wealthy? Think Again
Capgemini report finds great majority of younger HNWs would let a robo-advisor manage most of their wealth. They're also more likely to leave their advisors.
Schwab Slashes Minimums on OneSource NTF Mutual Funds
Initial investments for most funds cut to $100 from $2,500; subsequent investments reduced to $1 minimums from $500.
Financial Engines to Acquire The Mutual Fund Store for $560M
Seller Warburg Pincus will retain stake in new company following cash and stock deal; expects to provide expanded planning services to Financial Engines' 401(k) clients.
What the Rise of the Robos Really Teaches Us
Lessons advisors can learn to avoid going the way of the neighborhood bookstore. To begin, it's not about the technology.
How to Beat Robos With Stellar Service
Seth Mattison tells 300 advisors and others at the FSI Advisor Summit that every detail counts in the competitive field of financial advice.
Robo-Advisors: Just Another Distribution Channel?
Conflicting revenue sources, self-dealing, and low client care standards. As Barbara Roper says, "How’s that any different from the rest of the financial services industry?"