Tag: Axos Invest

Posted on August 17, 2021

In October of 2018, Axos Financial agreed to buy WiseBanyan, one of the first-ever robo advisors. Axos Financial is the holding company for Axos Bank, one of the first digital banks that had over $10 billion in assets at the time of the merger. With its focus on digital banking services, the acquisition allows Axos to offer holistic, digital money management under one brand. 

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Posted on May 8, 2020

  • SigFig, Fidelity Go, and Axos Invest win three-year top-performer prizes
  • Three-year fixed income returns surpass equity returns
  • Investment-grade corporates and treasuries help robos deal with volatile markets
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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 March 8, 2020

  • The recent shock from the coronavirus has pushed the down S&P 500 down as much as 27%
  • The drop provided robo advisors with an opportunity to place tax-loss harvesting trades
  • Only a few robo advisors have heavy fixed income allocation to Treasury bonds, one of the few areas of the market that has fared well during the crisis
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Posted on March 5, 2020

  • The recent shock from the coronavirus has pushed the down S&P 500 down as much as 15%
  • The drop provided robo advisors with an opportunity to place tax-loss harvesting trades
  • Most robos exhibited similar upside and downside capture ratios, with a few exceptions
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Posted on February 28, 2020

Top Robo Advisor Retirement Providers – Total Portfolio Performance:

2-Year Trailing Top IRA Performers (annualized)

  • Fidelity Go 
  • T Rowe Price 
  • Axos Invest 

1-Year Trailing Top IRA Performers

  • Fidelity Go
  • TD Ameritrade
  • SoFi
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