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In April, SoFi swapped out Vanguard ETFs with their own proprietary funds without warning customers, triggering tax bills, as first noticed by Backend Benchmarking. They recently announced they will reimburse affected customers. Click below to read more.

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The Robo Report (TM)@TheRoboReport·

17 Sep

Ally Financial announced “Freemium” offerings, aiming to make investing more accessible. Investors can now trade commission-free for 90 days or invest in one of Ally’s robo options with a 0% management fee and $100 minimum.

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The Robo Report (TM)@TheRoboReport·

9 Sep

Wealthfront's founder Daniel Carroll announced that the company has surpassed $20B in AUM, signaling nearly 100% growth in 2019. The increase appears to be due in large part to the launch of their high-interest cash account early this year.

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The Robo Report (TM)@TheRoboReport·

6 Sep

Backend Benchmarking’s Alex Crisafi recently wrote an article for Life Health Magazine covering the history, evolution, and competitive landscape of the digital advice industry. Read it by clicking the link below!

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The Robo Report (TM)@TheRoboReport·

5 Sep

Trizic, a white-label digital advisor, is rebranding itself to Harvest Savings and Wealth Technologies after its latest round of funding. With two new products—Goalkeeper and Signals—it looks to expand its footprint on the B2B digital advice space.
https://t.co/nTLR7ZLtzr

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