Category: Robo Guide

Posted on May 11, 2020

Betterment is Ranked #1 for First-Time Investors (Winter 2020 Robo Ranking)

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Posted on May 6, 2020

Wealthfront is Ranked #1 for Digital Financial Planning (Winter 2020 Robo Ranking)


Overview: 

Wealthfront was founded in 2008 as kaChing, a mutual fund analysis company, before pivoting into wealth management.  Wealthfront officially launched in December 2011 and has since raised a total of $205M in venture capital to expand operations.  Between its investment management and cash account offerings, Wealthfront is now one of the largest independent robo advisors, with over $13.5 billion in assets under management and an additional $7+ billion in deposits into its high-yield cash account. 

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Posted on May 1, 2020

Vanguard:

Ranked #1 for Best Robo for Complex Financial Planning Needs (Winter 2020 Robo Ranking)

Ranked #2 for Best Overall Robo (Winter 2020 Robo Ranking)

Overview

With over $140 billion in assets under management, Vanguard’s Personal Advisor Services is the largest direct-to-consumer robo advisor. Vanguard offers a compelling robo with low fees and strong access to live advisors. In our most recent Robo Ranking, Vanguard’s Personal Advisor Services was ranked the Best Robo for Complex Financial Planning Needs, and it was ranked second in the Best Overall Robo and Best Robo from an Incumbent Financial Institution categories. 

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Posted on April 2, 2020

Ranked #3 for Best Overall Robo (Winter 2020 Robo Ranking)


Overview: 

SigFig started as an offshoot of Wikinvest, a Wikipedia-style resource for investors.  Launched in 2012 as a free portfolio tracking and investment advisor referral service, SigFig is now one of the original robo advisors still in operation.  Between its platform and strategic partnerships with incumbent institutions such as UBS and Wells Fargo, SigFig has grown to $485 million in assets under management, as of December 31, 2018.  

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Posted on March 25, 2020

Overview

With over $43 billion in assets under management, Schwab Intelligent Portfolios is the second-largest direct-to-consumer robo advisor. It offers two service tiers: the first is digital-only and has no management fee, and the second (Schwab Intelligent Portfolios Premium) has a higher minimum and charges a monthly fee for access to live advisors. Through Intelligent Portfolios Premium, a client can work with an advisor to create custom financial plans for complex financial situations.

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Posted on March 17, 2020

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Ranked #1 for Best Overall Robo (Winter 2020 Robo Ranking)

Ranked #1 for Performance at a Low Cost (Winter 2020 Robo Ranking)

Ranked #1 for Best Robo from an Incumbent Financial Institution (2019 Summer Ranking)


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