Suleman Din

Every firm's focus is on capturing a share of the predicted $7 trillion market by 2020.

"We see a narrowing of players," says Alois Pirker, research director for Aite Group's Wealth Management practice.

The department is defending the rule in three cases brought by Wall Street trade groups, which are aiming to dismantle the new regulation.

Kavout and qplum claim their technology and founding teams set them apart from competition in the space.

"The business model of the asset management industry is really archaic," says Scott MacKillop, founder of First Ascent Asset Management.

Uncertainty still surrounding the fiduciary rule is one reason why advisors say they are not committing to specific upgrades just yet.

Custodian entering crowded field; minimum initial balance will be $5,000.

"We are not going to have a separate robo adviser that would disintermediate our existing advisers," says CEO Paul Reilly.

The digital platform added $1.6 billion from the first quarter.

Over $14 billion flowed into the low-risk ETF category in the first half of 2016.

Stepping in to help the company scale and manage product growth is industry veteran Ken Manning.

A firm's approach will have "a material impact on an adviser's service delivery, technology spend, business model and, last but not least, brand," an analyst says.

The IBD's top technologist's question for firms seeking upgrades: Are you sure you understand how you want to go to market?

Several of Dawn Bennett's clients suffered major investment losses, "with two losing $1 million and $17.6 million," according to the SEC.

The firm's decision has advisers and clients questioning the investment policies and maturity of the digital platform.

Automated advice can provide efficiency, but it is not going to be for every adviser, says LPL's chief information officer, Victor Fetter.

The wirehouse was hit with sanctions from the SEC and FINRA for disregarding securities rules, misusing clients’ cash and not disclosing product costs.

Blockbuster industry deals and unforeseen shifts in client attitudes are altering future forecasts for digital advice.

Despite much innovation, needs of new planners still aren't being met.

Wealth management "is the least tech literate of all financial services," says Michael Spellacy of PwC.