Robo advisors

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.

The barriers for firms to enter into multiple financial services has dropped significantly and digital advisory firms are taking advantage.

The rule can only be effective if the investing public accurately understands its implications, says the firms’ chief platform officer.