Robo advisors

Forward-looking firms are implementing digital advice offerings that can take them beyond allocating to a model portfolio.

The wealth manager recently introduced monthly fees. But, it's not for everyone.

By scrapping the $100,000 requirement, the asset allocation tool becomes accessible to all of the firm's clients.

Its premium offering will switch from an asset-based fee to a $30 monthly subscription.

The question may not be if tech giants will become a force in wealth management — but what can possibly stop them?

The New York-based firm has secured over $62 million in equity funding since its founding in 2014.

While a broad-market stock ETF generates fees of as little as 20 cents for every $1,000 invested, AI products range from $1.80 to $8.

The increased scrutiny focuses on the algorithms at the heart of automated investment decisions.

An example of outdated industry practices, says the chief product officer, is how some brokers still need a canceled check from a client to transfer money.

With help from automated investing platform Motif, five new funds aimed at innovative fields have launched.