Posted on July 2, 2020

The recent announcement of Empower acquiring Personal Capital represents the largest acquisition of a robo-advice firm to-date, but it is not without precedent. We have seen the relationship between retirement-plan providers, RIAs, and robo-advice technology come together before. 

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Posted on July 2, 2020

Welcome to the Backend Benchmarking company update. In this article, we share news of our cover story in the American Association of Individual Investors Journal, an update on the research team’s preparations for the 2Q Robo Report and Robo Ranking, notes on the development team’s work on custom benchmarking, and a link to our updated home page.

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Posted on June 26, 2020

Ranked Top 3 for Complex Financial Planning Needs

Overview

Founded by Wall Street veteran Sallie Krawcheck, Ellevest caters to a historically underserved segment of investors—women. Ellevest is poised to scale quickly, as women are estimated to control north of $11 trillion worth of investable assets in the United States.  Since its founding, Ellevest has managed to raise an impressive $78 million in venture capital funding, including support from familiar names including Melinda Gates and Google co-founder Eric Schmidt.  Here is our Ellevest review.

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Posted on June 19, 2020

Titan Invest & The Coronavirus

Titan Invest is a unique robo advisor in the crowded marketplace. In our latest Robo Report™, our Titan portfolio was the top performer relative to the Normalized Benchmark for the first quarter of 2020. This strong showing was in part due to their risk-management strategy of shorting the market instead of using traditional bonds. 

However, top-tier performance is not the only thing exciting going on at Titan. The firm recently experienced a large growth in assets under management and a rise in customer engagement.

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Posted on June 12, 2020

In the first quarter of 2020, Backend Benchmarking had the opportunity to see how the robo-advice landscape reacted during a major sell-off. From a performance perspective, our Q1 Robo Report noted that our robo accounts generally declined in proportion to their equity percentage, albeit with some interesting exceptions. However, there has been an unexpected surge in new-account openings in robos even in spite of the market decline. 

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Posted on June 8, 2020

At one point, Goldman Sachs was amongst the most secretive of Wall Street banks. The veil was lifted partially when the company decided to go public in 1999. For the first time, the public could glean some insight as to the inner workings of the company. Even then, it maintained a low profile. Its core business units were investment banking, trading, and wealth management for the ultra-wealthy. 

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