Posted on November 11, 2020

  • Titan continues its outperformance, returning 38.38% over the past year
  • Morgan Stanley & Wealthsimple emerging as performance leaders
  • SigFig maintains top 4-year total portfolio performance spot
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Posted on November 4, 2020

Overview

Titan Invest is one of the most unique robo-advice accounts we track at Backend Benchmarking. Titan has over 100mm in its flagship portfolio and it launched in early 2018, making it one of the newest players in the robo-advice industry. Titan’s goal is to make the benefits of a hedge fund accessible to the general public by using modern robo-advisor technology.

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Posted on November 3, 2020

Ranked Top 3 for Best Overall Robo (Summer 2020 Robo Ranking)

Overview

Fidelity Go is a compelling robo advisor that ranks well across multiple categories. It benefits from a track record of strong performance, while also shining in the categories of financial planning and costs. Its website offers a set of tools that make planning accessible to all investors. Meanwhile, Fidelity Personal Planning & Advice is there for those with higher investable assets and whom would benefit from a financial advisor. Lastly, Fidelity Go’s portfolio is constructed entirely of proprietary Fidelity Flex mutual funds with have no expense ratio, which bring the total cost down to be a competitive offering.

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Posted on November 3, 2020

Ranked Top 3 for First Time Investors (Summer 2020 Robo Ranking)

Overview

Originally a consumer lending platform, SoFi has since expanded to offer investment management services.  Although it is significantly smaller than SoFi’s lending platform, SoFi Invest has attracted $138 million in assets under management and over 34,000 accounts, according to its latest ADV filing. SoFi has also introduced four proprietary ETFs, two of which are included in their SoFi Invest portfolios.  SoFi has recently partnered with two fintech insurance firms to offer homeowners, renters, and auto insurance.  Additionally, SoFi offers its customers a zero-commission, self-directed trading platform.   

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Posted on November 3, 2020

Overview

With over three million users, Acorns is the preeminent micro-investing platform that combines saving and investing in one user-friendly application. As opposed to the traditional financial advice industry, Acorns is designed for customers that are just beginning their financial lives.

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Posted on November 3, 2020

Schwab is Ranked Top 3 for Digital Financial Planning (Summer 2020 Robo Ranking)

Overview

With over $45 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 minimum of $25,000, and charges a monthly fee of $30/mo (after a one-time initial planning fee of $300) . Through Intelligent Portfolios Premium, a client can work with an advisor to create custom financial plans for complex financial situations.

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