The Robo Ranking™: Best Overall Robo
Posted on September 5, 2019
Winner: Fidelity Go
Runner-Up: Vanguard Personal Advisor Services
Honorable Mention: SigFig
The Robo Ranking™: Best Robo for Performance at a Low Cost
Posted on September 5, 2019
Winner: Fidelity Go
Runner-Up: WiseBanyan
We awarded the Best Robo for Performance at a Low Cost to the top-performing robos over the prior two-year period: Fidelity Go and WiseBanyan.
Read More…Q2 2019 – Taxable Accounts Commentary
Posted on September 4, 2019
After faltering at the end of last year, U.S. and global markets have returned to a period of strong growth in 2019, with the S&P 500 returning 4.30% in the second quarter. While this was considerably less than the first quarter’s return of 13.65%, due largely in part to markets rebounding sharply following a December selloff, the combined return marks the best first half-year performance for domestic markets since 1997. Many trends from the first quarter continued through the second quarter, as mid-cap continued its outperformance and growth once again outperformed value. Growth has experienced a multi-year dominance, outperforming value YTD, as well as over the trailing one-, two-, and three-year periods.
Read More…Robo News: August 2019
Posted on September 3, 2019
- Betterment, Wealthfront forced to lower rates on high-yield cash accounts
- Capital One acquires United Income after buying 10% stake last fall
- Wealthfront acquires Grove as it looks to bolster its cash management technology
- Betterment reaches profitability
Robo News: July 2019
Posted on August 2, 2019
- Betterment launches a new cash account with an industry-high APY; a debit card and checking account will soon follow
- Robos transition to more complete personal finance platforms
- Banking giant JP Morgan enters crowded robo field with You Invest Portfolios
- Merrill Edge adds Guided Investing with an Advisor
Robo News: April 2019
Posted on May 30, 2019
SoFi has been making headlines this month, as they have recently introduced two proprietary ETFs. The funds are as follows:
- SoFi Select 500 (SFY) tracks the performance of 500 of the largest U.S.-listed companies weighted based on a proprietary mix of their market capitalization and fundamental factors
- SoFi Next 500 (SFYX) tracks the performance of the 500 smallest of the 1,000 largest U.S.-listed companies weighted based on a proprietary mix of their market capitalization and fundamental factors.
SoFi continues to diversify their offerings, as they have also recently announced a partnership with two fintech insurance firms. SoFi now plans to offer homeowners and renters insurance through Lemonade and auto insurance through Root. This has been a busy month for Sofi, as they are rumored to be working on an additional round of funding, estimated as $500M. This funding round, reportedly led by the Qatar Investment Authority, is expected to be at a similar valuation to their last round in February 2017.
Read More…