Robo-Advisors
Get the latest news and insights on robo-advisors, and how these developments impact financial advisors, investors, the wealth management industry and more.
SEC Floats New Rules on Digital Nudges, Robos
By Melanie WaddellBroker-dealers and advisors could be required to address conflicts of interest associated with AI and predictive data analytics.
June 16, 2023
Schwab Robo-Advisor Hidden Fees Case Moves to Federal CourtThe lawsuit cites an SEC order last year requiring Schwab to pay nearly $187 million for misleading statements.
May 24, 2023
Ritholtz Wealth Launches New Robo Wealth ManagerThe new service, Good Advice, has a minimum investment level of $15,000.
May 18, 2023
10 Best Performing Robos in a Rocky YearAll of these portfolios were in the red, but they beat their benchmarks, according to the Robo Report.
May 09, 2023
3 Tools to Manage Client Cash, Boost InterestAccounts paying up to 5% interest have many clients and advisors looking to, well, cash in.
April 18, 2023
Betterment to Pay $9M SEC Fine for Tax Loss Harvesting MisstatementsTechnical issues cost 25,000 clients a total of $4 million in tax savings, the regulator said.
March 30, 2023
ChatGPT Use Could Spell Disaster for Advisors: AuthorAdvisors using such AI tools risk significant "legal and reputational harm," says Gary Smith of Pomona College.
March 27, 2023
Here's the Price Advisors Will Pay if They Don't Treat These Clients BetterMy prediction of what's next for the financial advisory business doesn't have to happen. Here's the key change that can make a difference.