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

The Top 10 WMToday 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. […]

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 […]

Wealthfront

3 Tips For Wealthfront to Avoid Running Out of Gas

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 […]

Adhesion's Robo-Advisor

Can Adhesion's Robo-Advisor Platform Attract Top Gun RIAs?

One of the biggest trends in wealth management over the past year has been the slew of new products designed to help RIAs launch their own digital advisory channels.  Every vendor in the space has realized that they need to be able to check off the robo-platform box when they get an RFP from a prospective client. Adhesion […]

Acorns Roboadvisor

How Acorns Is Beating Roboadvisors on Scale

It’s been nearly a year since Vanguard and Schwab launched automated advice platforms, stepping into the fray against roboadvisors and apparently winning. As we’ve discussed, the end may be near for the Wealthfront as the big boys are close to knocking the upstarts out of the fight. Meanwhile, a presumed lightweight in the battle for […]

Roboadvisor Wealthfront

4 Reasons Why the End is Near for Wealthfront

As recently as last summer, Adam Nash, CEO of roboadvisor Wealthfront, was boasting about his firm’s rapid growth and how they could soon replace ‘traditional’ financial advisors. How fast the world changes in just a few months. In an article in InvestmentNews, Alessandra Malito reported that Wealthfront’s AUM growth slowed to a crawl by the end of last year: Wealthfront, which […]

The 5 Best Ideas from the 2016 T3 Advisor Conference

Industry conferences are like cramming for a test when you were in school.  You have only a few days to stuff as much information as possible into your head and hope you remember one or two key points to when you get back home. The 2016 T3 Advisor Conference, which was held this year in […]

Snapchat Roboadvisor

How a Snapchat RoboAdvisor Could Rock the Industry

Social media has changed the way people interact with each other and how they receive and consume information. Is the next step changing the way they invest? Robo-advisors have become a hot topic in the investment industry recently. Social media messaging service Snapchat is even rumored to be building a robo-advisor service of its own. Could a […]

Invesco's Acquisition of Jemstep

3 Thoughts on Why Invesco Acquiring Jemstep Was A Smart Move

I’ve been a big fan of Jemstep for quite a while now.  I first met their president, Simon Roy, at a T3 conference a few years ago when he was on a panel of robo-platform providers. (See 4 Robo-Platforms Go Head-to-Head at T3 Conference) While Jemstep started out with a short-lived direct to consumer model and then […]