Tag: Schwab

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
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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 August 24, 2020

  • On the surface, many robos describe their TLH services similarly but, in practice, we are seeing meaningful differences in execution
  • TD Ameritrade, Schwab, and Wealthfront accounts stood out for having significant TLH trades
  • SigFig, Citizens Bank, and UBS show little or no activity during the period
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Posted on August 21, 2020

  • Equity markets declined sharply in March giving robos an opportunity for timely rebalancing trades
  • Schwab, Wealthfront, Edelman, and more had notable rebalances from bonds to stocks during the lows
  • The juggernaut Vanguard and others did not rebalance during the entire six-month period
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Posted on August 19, 2020

  • While the S&P 500 was down 3.09% for the first half of 2020, Titan Invest’s portfolio increased in value by 11.51%
  • In the first half of 2020, the top three equity performers, as measured by returns vs. the Normalized Benchmark, were Titan Invest, Morgan Stanley Robotics and Morgan Stanley Genomics
  • Schwab was the worst equity performer over the first half of the year
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Posted on August 11, 2020

Best Robo Advisor for Digital Financial Planning

Winner: Wealthfront
Runner-Up: Personal Capital
Honorable Mention: Schwab

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