Robo advisors

Offering a prepaid, monitored debit card gives True Link an edge in elderly retirement advice space.

Custodian Trust Company of America helps RIAs create their own automated offerings.

The asset management giant is staking a big claim on the advisor desktop, according to one analyst.

The bank is testing several trading and investing platforms and will be talking about "what might or might not work," CEO Jamie Dimon said during its third-quarter earnings call.

Chief executive Jay Shah says a public offering will happen, "when the time is right."

The world’s largest asset manager is investing in technology in part to diversify revenue as investor money flows into passive.

Jay Shah says digital platforms will be judged on the quality of advisors they keep.

There is an uphill slog for independents as the largest firms gear up for a price war on three fronts: financial advice, online trading and ETFs.

Advisors are offered new automated tools to help clients manage a life after work.

The findings come as asset management firms are threatened by digital tools.

The firm’s 20-basis-point take will drop, says CEO Walt Bettinger.

Millennials want mobile-first digital advice, and will invest millions on such platforms.

Figuring out how to make automated platforms appeal to planners has been a learning process, says the custodian’s technology executives.

Nearly 17 million investors will use the technology by 2021, a rise of 1.8 million compared to last year, Aite says.

To encourage a budding relationship with younger clients, firms must provide new offerings and more guidance about how to invest, Schwab says.

Clients will flock to digital advice, but conditions favor incumbent firms, a study found.

"We're offering the same if not better-quality products at a highly reduced fee," said Eileen Duff, head of distribution at iCapital Network.

The industry is generally skeptical of automated advice platform growth projections, which PwC sets at $800 billion over the next five years.

When measured against a standard of care for best interest advice, digital wealth managers fall short, attorney Melanie Fein argues.

Executives say wealth management’s evolution means automation, lower salary expectations and niche practices.