5 Ways Robo Advisors Reduce the Cost of Investing
Robo-advisors are one of the hottest trends in fintech. However, did you know that they can reduce the cost of investing, sometimes dramatically? Here are five ways that using a robo-advisor can help you save money.
18 months in the making, UBS’s robo advisor finally launches
The firm is the latest to adopt new technologies into the client-advisor relationship.
Robo-advisor platform launches across Canada for independent advisors
‘PPI Valet powered by WealthBar’ gives advisors online convenience and access to premium investments for clients
Robo Advisors Market – Several Banks Are Increasingly Partnering with Robo Advisor Vendors
San Francisco, CA---- 01/23/2018-- Robo advisors refer to digital platforms that provide financial planning advice with the least intervention of human resources. The financial planning advice provided is algorithm-based and automatic. The global market for robo advisors presently has the North America market as its leading revenue contributor as well as a...
BMO slashes minimum account size of roboadviser platform
Bank aims to attract more millennial investors
Retirement is becoming a self-serve item, too
As employers drop defined benefit pensions and banks close bricks-and-mortar locations, it leaves Canadians to take care of retirement via a laptop, tablet or phone
How Fintech Is Shaping the Future of Wealth Management
A report from the World Economic Forum predicts three possible scenarios for advisors.
Advisors Slashing Fees to Compete with Robos
Under pressure from robo-advisors, some advisors are proactively trimming their fees and getting more tech-centric.
News: Time to digitalise amid tightening margins
Wealth management firms, both independent and bank-backed ones, have seen their pre-tax profit margins decline in each region of the world in the past decade. This has been due to factors such as the push by regulators for greater transparency and investor protection, the rise of low-cost passive investment vehicles such as exchange-traded funds (ETFs) and increasing competition from financial technology (fintech) firms, according to Boston Consulting Group’s Global Wealth Report 2017.The report says the biggest declines in pre-tax
Singapore’s MAS wants relaxation of robo-advisor rules
The regulator has proposed eliminating both track record and AUM requirements for robo-advisers catering to retail investors.
Europeans are skittish about robo-advisors
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SoFi gets into wealth management | TechCrunch
SoFi wants to be at the center of its members’ financial lives, and believes the best way to do so is to provide new products that complement its existing portfolio of student loan, mortgage and other loans. Today the company is announcing the launch of SoFi Wealth, a product it believes will compete with Wealthfront, Betterment and other low-cost wealth management platforms.
Chinese banks, brokers eye robo advice for edge on competition
China's wealth management industry is preparing for a boom in automated investment advice and trading programs, or "robo-advisors", as brokerages, banks and insurers look for a cheaper way to increase revenue from retail clients.
Wealthsimple enters platform-enhancing partnership
The firm’s platform for advisors will now let users invest client assets in numerous active investment strategies
Merrill’s New Robo Advisor Is Out In The Wild
Bank of America’s Merrill Edge launched its own robo advisory service this week.