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With 7 million accounts and more than $400 billion in assets, Karl Roessner’s firm can be selective as it expands into wealth management.
July 16
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Lower costs are “pushing down what has been the economic model of our industry,” the Schwab EVP says at the In|Vest conference.
July 16
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More than one-third of the $1 billion new assets on the digital advice platform are from new clients.
July 16
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The interim CEO told analysts Tuesday that the company remains committed to hiring an outsider who isn't connected to its scandals of recent years.
July 16
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The advice industry’s current structure is “dumb” and in need of fixing, according to Betterment CEO Jon Stein.
July 16
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The transition is expected to take place within the next 12 to 18 months, however the firm says it will still manage the products’ underlying investments.
July 16
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Overall donations to charity organizations fell by 1.7%, while total individual giving decreased by 1.1%, the first drop since 2013.
July 16
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David Ahlquist is the latest addition to the firm’s growing employee broker-dealer.
July 15
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Some plan to downsize to an inexpensive town nearby.
July 15
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Independent Advisor Alliance also started a robo advisor under Betterment for Advisors after adding more than $2 billion in assets over the past 12 months.
July 15
