Robo advisors

The saga shows the ups and downs of partnerships between massive incumbents and nimble startups.

Copying big banks, smaller institutions are pairing with robos to meet changing mass-affluent preferences in long-term investment products.

Investable assets isn't the only category in which this demographic outstrips others.

Incumbents and startups are developing partnerships to help clients navigate difficult rollovers.

For younger investors, the current experience of "finding and investing in a mutual fund feels very broken," says co-founder of the investing app startup.

Most apps and automated investing from firms should be understood as sales efforts; private equity is backing tech to replace advisors.

The founder of Edelman Financial Services says his critiques of automated advice have been proven right, and that the merger with Financial Engines sets his firm to reach new industry heights.

Bank of America has plans to expand the self-directed platform’s reach even further.

Facet Wealth acquires small clients from advisory firms, with the promise that it will operate as a partner rather than as a competitor.

To keep pace with its peers, Morgan Stanley is ramping up its online offerings in banking and wealth management.