The leading information resource dedicated to serving professionals and entrepreneurs in digital wealth management.
-
Silicon Valley firms like Apple and Lending Club are happy to partner with banks so long as they get to be the face of customer interactions. But banks may not easily give up that ground.
June 23 -
Don't despair, industry leaders say. Even wealthy and digitally minded millennials will still want personalized advice.
June 23 -
Robo startups are expected to reach $452 billion in AUM in five years, but incumbent firms will possess over $1 trillion in assets in the digital automated advice space.
June 22 -
Robo advisors are gaining traction, especially among millennial investors, who are very sensitive to competitive pricing. Extensive automation will be needed to defend against them.
June 22 -
The 150 to 200 basis points that banks charge are likely to drop below 100.
June 22 -
Pershing CIO Ram Nagappan offers a framework to help advisors think about how to transform their businesses to digital.
June 19 -
Wealth management is still a work in progress and must be sculpted to meet the demands of wealthy individuals, says Sebastian Dovey of Scorpio Partnership.
June 19 -
Betterment CEO Jon Stein says his firm is adding 1,000 accounts a week to the tune of about 94,000 with a total of $2.3 billion AUM. Over 30% of assets come from clients age 50 and up, he adds.
June 18
-
RIAs Barry Ritholtz, CIO of Ritholz Wealth Management and David Lyon, CEO of Main Street Financial and Oranj say they've incorporated digital tools into their business models -- partly at the behest of their clients.
June 18
-
Wells Fargo Advisors hopes to have 5,000 out of its 15,000-plus advisors using social media tools next year.
June 17
