Robo advisors

The new service, which will offer one-on-one advice, is open to people with at least $100,000 in investable assets. It’s part of the company’s ongoing efforts to build a full suite of retail banking products.

In a symposium, SEC Chair Gensler voiced concern about the technologies’ possible conflicts, biases and systematic risks.

The Swiss lender is looking to boost shareholder returns

Large financial institutions are investing in technology to tap into the growing workplace wealth market.

The sale of the robo advisor represents a $1.6 billion dollar vote of confidence for all financial advisors, says Riskalyze CEO Aaron Klein.

The robo is adding repayment help and, eventually, 529 savings plans to its service for employers.

The bank plans to let the digital advisor operate as a standalone unit while looking for near-term “easy wins.”

CEO David Fortunato may say that the robo’s “philosophy and principles remain the same,” but the sale to a big bank is a huge change.

The bank plans to make the robo-advisor the foundation of a new digital offering that will include access to human advisors.

Wealthfront is exploring a sale that could value the automated wealth manager at as much as $1.5 billion, according to people familiar with the matter.

Firms like J.P. Morgan Chase, Stash and M1 are aiming to serve clients with advice and new tools for all ages and income levels.

Automated investing services use misleading language in marketing materials and portfolio management is not meeting fiduciary requirements.

Is the bank late to the automated investing party, or trying to bring some investors back home?

The robo advisor plans to use the capital to expand its business-to-business units.

Technology that provides more transparency, customization might lead to more widespread adoption.

Plaintiffs claim the firm’s high cash allocations juiced revenue for Schwab at the expense of client performance.

Feedback could inform a rule impacting how fintech startups and traditional wealth management firms use technology to engage retail investors.

The robo advisor agreed to pay $300,000 without admitting or denying the findings.

New questions are being raised about the brokerage’s practices with the Intelligent Portfolios product.

The compliance inquiry relates to past disclosures around the Intelligent Portfolios product.