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The mutual fund giant’s automated advice plan could price independents out of the market — and commoditize advice even further.
September 19 -
In addition to launching an automated investing app, the bank created a dedicated advisor unit to provide personal service to customers when they need it.
September 11 -
The deal will accelerate the firm’s digital-heavy client strategy, CEO Andy Rachleff said.
August 22 -
The sector may be edging into dangerous territory, analysts say.
August 20 -
If approved, the fund would be the first in the U.S. to follow a quantitative approach that allocates across asset classes based on risk.
August 20 -
Acquiring clients can be expensive. Some digital investing platforms have turned to a marketing strategy they say may present “conflicts of interest.”
August 14 -
Several wealth management firms, including Marcus by Goldman Sachs and Wealthfront, have launched banking products to complement their investment services.
July 23 -
Just like in the early robo days, sustainability is a real concern for digital platforms.
June 19 -
Among other changes, the bank lowered its minimum investment.
June 14 -
The barriers for firms to enter into multiple financial services has dropped significantly and digital advisory firms are taking advantage.
June 12