Roboadvisor market

Are There Too Many Roboadvisors? with Michael Kitces

I recently had the pleasure of speaking with industry guru and all-around nice guy, Michael Kitces. Our discussion was focused on trends in advisor technology, which meant that the subject of roboadvisors had to be covered at some point. You can watch the video using the link below, or read the transcript that follows. Is It Time for […]

robo platform advisors

Oranj Leapfrogs Robo-Platforms With TradeWarrior Acquisition

It is a great time to be an independent RIA.  At least when it comes to technology.  There seems to be an endless supply of tools for automating, optimizing and generally improving the efficiency of an advisory firm’s operations. This is especially true in what we like to call the robo-platform or digital advice space.  Innovative companies […]

roboadvisor technology

How RIA’s Can Survive the Wild West of Roboadvisor Technology – Kitces

In the 1966 spaghetti Western, The Good, The Bad and The Ugly, Clint Eastwood plays one of three gunslingers competing to find fortune in a buried cache of Confederate gold amid the violent chaos of the American Civil War. Each of the three have only partial information about the gold’s location, so they have to work together if […]

What If RoboAdvisors Gave Away Financial Planning?

Bill Gates made a splash recently with a controversial statement about how to deal with the impact of technology on the job market.  He proposed a new tax on companies that install robots to replace human workers.  His logic is that a tax will reduce the pace of automation and the money raised would be used for retraining […]

top ten WMToday posts

What Are The 10 WMToday Most-Read Posts from 2016?

Craig’s Note: I love these summary articles because they’re a great way to re-purpose content while providing you, our loyal readers, with a handy overview of the year gone by.  Robo-Advisors are still a hot topic, although I believe a B2C shakeup is likely in 2017.  Portfolio rebalancing tools have been a staple on this blog since it started. […]

401k plan sponsors

Can This 401(k) Robo-Platform Defeat the Dark Side of Retirement?

A long time ago in a galaxy far, far away… It was thought that when 401(k) plans were introduced to the universe, they would be a rebellious solution to fight the decline of company-sponsored pension plans. However, the numbers are in and they don’t look good for our heroes. According to the Bureau of Labor statistics, only […]

roboadvisors DOL rule

Thoughts On Time Travel, RoboAdvisors and The DOL Rule

I just finished an interesting book called “Time Travel: A History” by James Gleick.  It is a well-written amalgamation of the history of time travel in Western literature, starting with H. G. Wells’ classic, The Time Machine. Since Well’s novel pre-dated Einstein’s theories by almost a decade, he was not aware that time is relative to each observer. […]

Canadian roboadvisors

Canadian RoboAdvisors Are Pricing Themselves Out of the Market

In an article in Canada’s Financial Post, author Jonathan Chevreau discusses a study by Boston-based consulting firm Dalbar that used 45 “mystery shoppers” to assess ten Canadian-based robo-advisors. They found that some platforms are falling short on service expectations, which creates “significant reputational risk”. Chevreau, the CFO of Financial Independence Hub, explained that the mystery shoppers reported a number […]

Roboadvisors Renaissance

How the RoboAdvisor Renaissance Pushed the Industry Out of the Dark Ages

While B2C robo advisors have yet to reach asset levels that could threaten traditional advisors, their innovative technology has been spurring firms to revamp their online presence.  A Roboadvisor Renaissance has spread across the formerly stodgy wealth management industry.  Legacy technology vendors are rushing to revamp their user interfaces and add automated investment offerings to meet a […]

Wealthfront

Wealthfront Revs Up With AI, But Is Still Running on Fumes

Wealthfront finds itself facing a cloudy future as its fifth anniversary nears, thanks to the dust that its bigger rivals, Vanguard and Schwab, and its disruptive competitor, Betterment, are leaving in their wake. The robo-advisor just announced a collection of new features that they hope will right the ship and get their asset growth back on […]