Robo advisors

The impact of technology on client-facing jobs has been grossly overstated. Their threat to the back office, however, is very real.

At least $20 trillion of new financial wealth will be created over the next five years.

The app also allows clients to use the Zelle person-to-person payments service.

The firm arranged to make transactions differently on the days that it was required to calculate its reserve deposits, the regulator says.

The insurance giant and No. 6 IBD made Alexa Von Tobel its chief innovation officer following the closure of the planning startup it acquired in 2015.

The wealth management platform of the future can manage client finances without having to interact with advisors, says Wealthfront CEO Andy Rachleff.

In an investor-backed power play, the tech startup wants wirehouses and banks to turn to it instead of traditional software providers as they make upgrades.

The Minneapolis bank is pitching the automated investment advice platform, a joint venture with a BlackRock unit, to a wide range of age groups, not just younger consumers.

The firm has been rolling out a robust suite of new and upgraded technology tools.

Only 15% of bank customers at Bank of America use its online investment platform, but the company expects that figure to increase as it opens branches in nine major cities.

Although banks and digital wealth startups seek to claim the same assets, they're finding common ground elsewhere.

Almost all young investors polled by Schwab expect the funds to be their primary investment vehicle in the future.

How one advisor sees the outsized influence of Nobel laureate Daniel Kahneman on the financial planning industry.

Walt Bettinger also took aim at robo advisors at the Morningstar conference.

Banks are opting for a hybrid approach, augmenting in-person advice with digital guidance.

About 41% of households prefer a mix of human and digital advice.

As technology drives down costs, it’s important to remember that financial planners can’t win on performance alone.

Most big banks are launching robo advisers to compete for a new breed of wealth management customer. The risk is that automated services will disappoint traditional customers.

The new platform aims to scoop up mass-market clients with just $5,000 in investable assets.

How technology could continue to disrupt financial planning.