Posted on September 15, 2020
- Through the first half of 2020 results were mixed, with five of eight SRI portfolios outperforming their respective standard portfolios
- Betterment SRI, Merrill Edge SRI, and Morgan Stanley SRI lead the way over the first half of 2020
- Over the trailing 2-year period, all five SRI portfolios outperformed their non-SRI counterparts at the same provider despite higher fund fees
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
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
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
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?
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
