Robo advisors

Several wealth management firms, including Marcus by Goldman Sachs and Wealthfront, have launched banking products to complement their investment services.

Lenders have learned that automated wealth management tools enhance interactions with clients — and bring in more business.

Taking a page from robo advisors, firms must prioritize an intuitive technology experience for clients.

The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.

Before saving for retirement, young investors are advised to pay down high-interest debts and build an emergency fund, an expert says.

More than one-third of the $1 billion new assets on the digital advice platform are from new clients.

The advice industry’s current structure is “dumb” and in need of fixing, according to Betterment CEO Jon Stein.

The independent broker-dealer differentiates itself from competitors by offering an active portfolio and by giving access to advisors rather than clients.

Since introducing an ongoing fee model, the platform has seen a 25% rise in account openings, according to the firm.

The new digital products are a significant opportunity for the bank, experts say.

Although first written off by industry experts, independent digital-first firms now hold billions in assets.

Aumoted investment platforms are betting investors want to know where companies fall on the political spectrum.

A better technology strategy may help firms improve walletshare, a new report says.

Just like in the early robo days, sustainability is a real concern for digital platforms.

The client relationship should be the sole focus of new technologies, says the firm’s chief operating officer.

Among other changes, the bank lowered its minimum investment.

Two-thirds of women say they don’t work with an advisor because they believe they can’t afford it or don’t have the necessary assets.

Revisiting his predictions from 2017, he doubles down on the importance of firms adapting to embrace industry trends — and offers some new forecasts.

“When we think about these offerings, there are no hard lines that are drawn here,” said Merrill Lynch boss Andy Sieg.

But the new rules may be a boon for some fintech firms.