Investment Platforms
Get the latest news and insights on investment platforms (including digital, mobile and online platforms), and how these developments impact financial advisors, the wealth management industry and more.
Another Robo-Advisor Bites the Dust
By Bernice NapachSwell Investing, which specializes in socially responsible portfolios, is closing down as of the end of August.
July 18, 2019
Morgan Stanley Profits Drop Despite Strong Wealth ResultsAverage yearly fees and commissions per advisor are $1.13 million, just slightly ahead of rival Merrill Lynch.
July 16, 2019
Wells Fargo, Schwab Beat Estimates: Q2 EarningsBank of America Merrill Lynch will release its Q2 figures on Wednesday, while Morgan Stanley will do so on Thursday.
July 15, 2019
Ritholtz Relaunches Digital Service at Betterment for AdvisorsThe service has no minimums and charges 50 basis points, which will be evenly split between the two firms.
July 15, 2019
Schwab Aims to Buy USAA Brokerage Business: ReportCharles Schwab is said to be offering about $2 billion for the unit.
July 12, 2019
Raymond James Wrestling With Subscription ModelCEO Paul Reilly says that robo-advice "is table stakes" and ponders how the firm could raise its game.
June 27, 2019
2019 Asset Manager Awards: Trillium Asset Management, All Cap Core StrategyEnvestnet uncovers the portfolios that outperform in different environments.
June 27, 2019
2019 Asset Manager Awards: Westchester Capital Management, Merger StrategyEnvestnet uncovers the portfolios that outperform in different environments.