Tag: Fees

Posted on December 27, 2019

Ranked #3 for Best Overall Robo


Overview: 

SigFig started as an offshoot of Wikinvest, a Wikipedia-style resource for investors.  Launched in 2012 as a free portfolio tracking and investment advisor referral service, SigFig is now one of the original robo advisors still in operation.  Between its platform and strategic partnerships with incumbent institutions such as UBS and Wells Fargo, SigFig has grown to $485 million in assets under management, as of December 31, 2018.  

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Posted on December 22, 2019

Vanguard:

Ranked #1 for Best Robo for Complex Financial Planning Needs

Ranked #2 for Best Overall Robo

Ranked #2 for Best Robo from an Incumbent Financial Institution

Overview

With over $140 billion in assets under management, Vanguard’s Personal Advisor Services is the largest direct-to-consumer robo advisor. Vanguard offers a compelling robo with low fees and strong access to live advisors. In our most recent Robo Ranking, Vanguard’s Personal Advisor Services was ranked the Best Robo for Complex Financial Planning Needs, and it was ranked second in the Best Overall Robo and Best Robo from an Incumbent Financial Institution categories. 

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Posted on December 11, 2019

Ranked #3 for Complex Financial Planning Needs

Overview

Founded by Wall Street veteran Sallie Krawcheck, Ellevest caters to a historically underserved segment of investors—women. Ellevest is poised to scale quickly, as women are estimated to control north of $11 trillion worth of investable assets in the United States.  Since its founding, Ellevest has managed to raise an impressive $78 million in venture capital funding, including support from familiar names including Melinda Gates and Google co-founder Eric Schmidt.  Here is our Ellevest review.

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Posted on November 26, 2019

Fintech companies are continuing to disrupt the financial services industry. Over the past few years, firms have begun to offer high-yield savings accounts that pay very competitive interest rates when compared to the paltry rates savers are accustomed to seeing in their checking accounts.  Recently, the fintechs have expanded their focus to include spending accounts with debit cards. 

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Posted on November 8, 2019

Consumer demand has prompted digital advisors to offer socially responsible investing (SRI) portfolio options over the past few years.  We have opened and now have eight pairs of portfolios (regular and SRI) included in our report, including six pairs with a year or more of performance reported.  The SRI robo portfolios included in our analysis are offered by Betterment, E*Trade, Ellevest, Merrill Edge, Morgan Stanley, TD Ameritrade, TIAA, and Wealthsimple.  

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Posted on November 7, 2019

Schwab and Vanguard are the two dominant platforms in the digital advice industry.  Leveraging their clout as established investment managers, Schwab and Vanguard have amassed $43 billion and $140 billion, respectively, in assets under management on their digital platforms.  Below is a comprehensive comparison of the two services, including facts, features, and historical performance based on accounts we have open at both providers.

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