Category: News

Posted on September 11, 2020

  • Schwab recently released Schwab Plan, a financial planning tool available to all clients for free
  • The Plan is powered by MoneyGuidePro and has garnered buzz due to its institutional quality and sophistication
  • The tool boasts a hypothetical simulations feature, detailed client considerations, and intuitive sliding scales to easily make adjustments
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Posted on September 9, 2020

  • Fidelity Spire is a new, free cash management app that is designed to help younger investors plan, save, and invest for their financial goals
  • Spire connects to Fidelity Go for seamless integration between saving and investing
  • Users can create short-term and long-term goals, prioritize them, and allocate funds accordingly
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Posted on September 3, 2020

  • We had the privilege of speaking with Axos Financial CEO, Greg Garrabrants
  • Topics included the acquisition and integration of robo advisor WiseBanyan, clients’ reaction to the pandemic, and the future
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Posted on September 1, 2020

  • Motif closed its doors after raising $126mm and being one of the early innovators in the space
  • Empower purchases Personal Capital for approximately $1 billion representing the largest acquisition we have seen to date
  • Goldman Sachs set to release robo in 2021 after falling behind competition. Will they have a last-move advantage?
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Posted on August 26, 2020

  • At the end of 2019, we estimate that robo advisors had approximately $631 billion of assets under management (AUM)
  • The breakdown includes $247 billion with incumbents, $50 billion with independents, and $334 billion with robo retirement providers
  • Our “Top 5” group experienced a 38% year-over-year increase through the end of 2019
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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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