Tag: AUM

Posted on May 26, 2021

  • In 2020, the wealth-tech industry raised over $3.7 billion in new funding
  • Betterment grew its AUM from approximately $18 billion in 2020 to over $28 billion
  • Schwab experienced 51% growth in digitally advised assets
  • Walmart is partnering with Ribbit Capital, a large Robinhood backer, to launch a service called Hazel
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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 June 8, 2020

At one point, Goldman Sachs was amongst the most secretive of Wall Street banks. The veil was lifted partially when the company decided to go public in 1999. For the first time, the public could glean some insight as to the inner workings of the company. Even then, it maintained a low profile. Its core business units were investment banking, trading, and wealth management for the ultra-wealthy. 

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Posted on March 13, 2020

News of the novel coronavirus has dominated the 2020 news cycle. Both equity and bond markets have been extremely volatile, and the S&P 500 Index has dipped into bear market territory after dropping as much as 25% from its previous high. However, many other developments have taken place during the year. Morgan Stanley is set to acquire E*Trade in an all-stock deal valued at $13 billion. Citigroup unveiled its new robo advisor, and Goldman Sachs is expected to do the same soon. 

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Posted on November 11, 2019

Cash Products Attract Assets 

Wealthfront and Betterment have both hit $20 billion worth of assets on their platform. On its website, Wealthfront boasts that its “clients trust [it] with more than $21 billion” as of November 2019. However, regulatory filings suggest that most of this growth has been the result of cash moving into high-yield savings accounts.

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Posted on November 4, 2019

With the release of its latest ADV filing yesterday, one thing is for certain: Wealthfront has had no trouble gathering cash deposits.  

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