Tag: Tax Loss Harvesting

Posted on October 1, 2020

Best Robo Advisor for 2020

  • Winner: SigFig
  • Runner-up: TD Ameritrade
  • Honorable Mention: Fidelity Go
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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 9, 2020

Ranked #1 for Best Robo for Complex Financial Planning Needs (Summer 2020 Robo Ranking)

Overview

With over $172 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.

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Posted on March 27, 2020

Welcome to the March 2020 Backend Benchmarking company update. Today, we share an update from our research team on the robos’ movements during the recent market volatility, our progress on application development, Backend Benchmarking’s recent media appearances, and our plan to acquire our first users inexpensively.

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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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