Robo advisors

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.

Regulatory shifts, M&A, new technology — there’s a lot on the horizon for the industry.

Net flows have slowed in 2020 at the fund giant as rivals continue to roll out similar products amid the rise of robo advisors and almost-free trading.

Jon Stein was a pioneer of the robo advice industry, building a $25 billion firm over the past decade.

As it does with savings, the app's algorithm calculates how much users can siphon off their earnings into retirement without missing the funds.

More clients are also looking for financial advice within the custodian’s retail channel, which offers a robo advisor and full-service wealth management arm.

Far from commoditized, digital advisors' performance varies widely, according to new research.

The fintech plans to build out cash, checking, insurance and mortgage products.

The acquisition established a $6 trillion-giant operating as a mutual fund company, RIA custodian, bank, retail brokerage and national wealth management firm.

Unlike many digital advisors, Retirable is not offering investment management or targeting millennials.

It also suggests digital advice providers “have only a few years to achieve critical mass, or they will be sold for parts like Motif and Folio Financial,” says one expert.