Investment technology

The $195 million cash purchase is Envestnet’s sixth largest deal since 2010.

Millennials want mobile-first digital advice, and will invest millions on such platforms.

Derek Burke discussed the Advisor Group firm’s upcoming digital offering and his top priorities.

Figuring out how to make automated platforms appeal to planners has been a learning process, says the custodian’s technology executives.

There are several steps advisors can take to ensure their practices benefit from technology investments.

Beefed-up market research will help the firm’s advisors, says President Adam Antoniades.

Clients will flock to digital advice, but conditions favor incumbent firms, a study found.

"We're offering the same if not better-quality products at a highly reduced fee," said Eileen Duff, head of distribution at iCapital Network.

The industry is generally skeptical of automated advice platform growth projections, which PwC sets at $800 billion over the next five years.

When measured against a standard of care for best interest advice, digital wealth managers fall short, attorney Melanie Fein argues.