Banking

The microinvesting site, which now has over 2 million accounts, allied itself with Clarity Money.

Greater transparency, high value, low cost and instant access: the financial technology has the power to provide it all.

"Banks traditionally pay higher valuations, but [RIAs] should go into deals with eyes wide open," Dave DeVoe says.

The $814 billion Beijing-based investment firm has more than a third of its portfolio in alternative assets.

Only about 5% still charge them, according to a Financial Planning study.

The new complex manager will oversee 43 advisers at the regional brokerage.

Convinced that clients want as much human interaction as ever, the Wall Street firm is using machine learning to help its financial advisers stay informed and work efficiently.

The app allows users, many of them first-time investors, to get started for as little as $5.

Artificial intelligence can help wealth managers serve clients better, but some say the technology is too immature to be useful right now.

"The numbers are all in a positive direction" as advisers shrug off threats to growth.