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.

While most of the issues were resolved by midday, the interruptions sent a shudder across Wall Street.

Wealthfront gives users more control over their money with automatic transfers to savings accounts or ETFs.

The custodian’s NetX360 desktop now supports biometric authentication.

Tools from Betterment, Vestwell and FiduciaryShield make it easy for planners to become retirement plan advisors, but they need to think twice before jumping in.

Firms had problems related to equities, options and cryptocurrency trading as well as slow websites and mobile apps.

“The strategy was really tied to choosing the right partners who we knew had a greater likelihood of integrating well together,” says Amit Sahasrabudhe, COO of the firm’s U.S. wealth management business.

The passively managed fund will be made available to qualified purchasers through family offices, RIAs and other institutions, a person familiar with the matter says.

Unnerving as this COVID-19 year has been, the massive shift to virtual business has propelled planners to work even more efficiently with clients.

New digital integrations with CAIS and iCapital make it easier for independent advisors to access private equity and hedge funds.

The company’s new self-guided tool will generate a plan for clients in as little as 15 minutes.

Seventy-seven percent of advisors report they have lost business as a result of not having the appropriate digital tools to interact with clients, according to a new report.

The robo advisor hopes transparency on employee demographics will encourage change.

While some planners are excited for the opportunity, others don't trust turning workplace retirement over to a robo.

Of the 330,000 new accounts opened this year, about a third were for clients 35 or younger.

With employees working remotely, firms may need to adapt their procedures to deal with heightened fraud risks outside of company systems.

As consolidation reshapes the market, the custodian sees an opportunity to attract tech-forward and multi-custodial firms.

Do RIAs still have a clear advantage when it comes to modern planning software?