Category: News

Posted on June 10, 2021

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Posted on June 9, 2021

  • For this edition of the Robo Report, we had an interview with Stash CEO Brandon Krieg
  • Counting its users at over 5 million, the Stash platform is resonating with investors.
  • Since Stash just released a robo advisor – Smart Portfolios
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Posted on June 7, 2021

  • What is Direct Indexing? Direct indexing is an investment strategy that seeks to replicate the underlying stocks of an index instead of holding an index fund.
  • Schwab, BlackRock, Goldman Sachs, and Morgan Stanley have all engaged in transactions that could influence their ability to offer direct indexing at scale.
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Posted on May 26, 2021

  • In 2020, the wealth-tech industry raised over $3.7 billion in new funding
  • Betterment grew its AUM from approximately $18 billion in 2020 to over $28 billion
  • Schwab experienced 51% growth in digitally advised assets
  • Walmart is partnering with Ribbit Capital, a large Robinhood backer, to launch a service called Hazel
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Posted on April 23, 2021

The California-based robo advisor Wealthfront has been rolling out various components of its grand vision called “Self-Driving Money”. This is a set of features that together creates a seamless flow from paycheck to long-term investing while taking care of everything in between.

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Posted on April 7, 2021

  • Merrill Edge has substantially cut its minimum, eToro announced it will go public via SPAC, and Stash launched its robo advisor
  • Meanwhile, some industry shake-ups include Wealthsimple leaving the U.S. market and M1 raising new funding
  • Lastly, Chinese robo advisor BangNiTou crosses 1 million users
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