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The sale of the robo advisor represents a $1.6 billion dollar vote of confidence for all financial advisors, says Riskalyze CEO Aaron Klein.
March 2Riskalyze -
The robo is adding repayment help and, eventually, 529 savings plans to its service for employers.
February 23 -
The bank plans to let the digital advisor operate as a standalone unit while looking for near-term “easy wins.”
February 1 -
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.
January 27Financial Planning -
The bank plans to make the robo-advisor the foundation of a new digital offering that will include access to human advisors.
January 26 -
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.
November 16 -
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.
November 15 -
Automated investing services use misleading language in marketing materials and portfolio management is not meeting fiduciary requirements.
November 11 -
Is the bank late to the automated investing party, or trying to bring some investors back home?
October 21Financial Planning -
The robo advisor plans to use the capital to expand its business-to-business units.
September 29