Robo advisors

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.

Advisors who use at least two of the services will receive discounted pricing.

The deal values the robo advisor at close to $966 million, according to people familiar with the matter.

Firms using the fintech will lose support on September 6.

Account openings on the app doubled in 2020 from a year earlier.

The app offers investing and banking products to more than 4 million subscribers.

The startup is making its platform easier for RIAs to use while moving further away from Wealthfront's vision of "self-driving money."

Financial advisors and even competitors to Robinhood say the self-directed service has opened the door to new potential clients.

Even as Bitcoin and other digital currencies increasingly gain acceptance across Wall Street, the robo advisor is still doing its research.

It’s a significant pivot for the robo advisor, which has historically advocated passive, ETF-driven investing.

For just $1,000, clients can sign up for the firm’s purely digital automated advice service.

Two experienced private equity investors in wealth management struck a deal for a minority stake in one of the industry’s biggest names.

The first deal under new Betterment CEO Sarah Levy will net the firm 17,000 accounts and $190 million in client assets.

The most gilded name on Wall Street has been dealt a blow with two top leaders from its Marcus consumer unit defecting to a new Walmart venture, mere weeks after they were elevated.

Scoring across nine quantitative and qualitative metrics, here’s how Backend Benchmarking ranks the industry’s digital advice providers.

The firm that traditionally only served the ultra-wealthy will now manage accounts as small as $1,000.

The robo's fastest growing business now offers custom model portfolios in a bid to attract more wealth managers.

Investors with an advisor were more than twice as likely to say that they are very confident that they have the best investment strategy, a survey found.

Without market-leading, high-yield savings accounts, cash management at Betterment and Wealthfront isn’t as attractive as it was in 2019.