Robo advisors

The digital M&A trend has much in common with the wildly popular game app.

"The business model of the asset management industry is really archaic," says Scott MacKillop, founder of First Ascent Asset Management.

A younger adviser sees the benefits in working side-by-side with technology.

Their low or no upfront costs can bite down hard on an adviser’s future profits.

Digital wealth management firms see the way to reach millennial clients is through student debt.

Banks and credit unions can test whether they want to get into the investment services business without bringing in advisers or partnering with a TPM.

Hedgeable plans to offer P2P lending investments, claiming it will be the first digital wealth manager to do so.

Custodian entering crowded field; minimum initial balance will be $5,000.

No financial solution can gain momentum without the collaboration of technology and human capital. But robos are only one small part of this equation.

"We are not going to have a separate robo adviser that would disintermediate our existing advisers," says CEO Paul Reilly.

Executives say it's about more than just robos.

Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.

With more than 15,000 advisers overseeing $1.4 trillion, the wirehouse would be one of the largest entrants into the digital advice space.

Technology changes the way products are priced, bought and sold.

The digital platform added $1.6 billion from the first quarter.

5 steps for advisers to take in the next six months to ensure post-DOL success.

The first independent robo to reach the milestone.

Don’t become commoditized in the wake of the fiduciary rule; be the disruptor.

Morningstar’s head of behavioral science, Stephen Wendel, discusses the frontiers that tech is opening for advisers at SourceMedia's In|Vest conference.

A firm's approach will have "a material impact on an adviser's service delivery, technology spend, business model and, last but not least, brand," an analyst says.