Robo advisors

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.

The robo advisor for socially conscious investors will benefit from becoming part of the largest U.S. bank, but "we also want to maintain the dynamic ... that made OpenInvest what it is," one of its co-founders says.

Amerant Bank has invested $2.5 million in Marstone to provide a digital alternative to personal wealth advisors for new and existing clients. The technology "gets planning capabilities into the hands of any customer that wants them," says Jerry Plush, the Florida bank's new CEO.