Advisors Must Tell Clients About Their Robo Use, State Regulator Says
Advisors must disclose to clients when they use robo platforms and what services those platforms provide, Commonwealth Secretary William Galvin of Massachusetts says.
Legg Mason Buys Big Stake in Robo-Advisor
The asset manager says the deal will help it boost distribution to partnering advisors coping with new DOL rules.
Waddell & Reed Adds eMoney to Advisor Tech Platform
The broker-dealer, which has about 1,800 advisors, is building a new platform and does not plan to roll out robo-advisor services.
JPMorgan to Adopt Fintech Startups With In-House Incubator
Emerging fintech companies to receive access to funds, network; startups attend "In-Residence" program for six months.
Meet Virtually, Invest Digitally: The New Wealth Management
Virtual reality, digital currency and frictionless trading: how technology innovation is bringing the future closer.
SigFig Raises $40 Million
SigFig, a fintech firm that works with UBS and Pershing, says it now has over $70 million to support its tech work.
UBS Partners With SigFig on Tech Platform
The Americas wealth unit has decided not to go it alone when it comes to digital offerings; no robo-advisor is planned.
Pershing Adds Jemstep Robo-Advisor to NetX360
Advisor-focused robo-advice solution will be available to RIAs and BDs through Pershing's NetX360 platform.
Will Robos Send Advisors the Way of the Travel Agent?
Will advisors be disrupted by technology, as travel agents have? Or will more tech simply improve service, as with graphic design? That depends.
TD Ameritrade Says Hybrid Is Right Tech Model as Profits Improve 8%
CEO Fred Tomczyk also says that the new DOL fiduciary rule will entail slightly higher costs and plenty of review.