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HNW Clients Are Driving Banks to Expand Digital Advice Solutions

HNW Clients Are Driving Banks to Expand Digital Advice Solutions

Posted by on Jun 4, 2018 in Banking

As much as the previous business cycle in retail banking was marked by an unsustainable consumer credit explosion, the current one will be shaped by digital. This will include increased changes in payments and a wider metamorphosis in systems enabled by digital technologies. There is an immediate need for action. According to a report by […]

Is The Roboadvisor Market Finally Consolidating?

Is The Roboadvisor Market Finally Consolidating?

Posted by on May 10, 2017 in Industry Analysis

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 […]

What If RoboAdvisors Gave Away Financial Planning?

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 displaced […]

The Top 10 WMToday Posts from 2016

The Top 10 WMToday Posts from 2016

Posted by on Jan 7, 2017 in Industry Analysis

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. […]

3 Tips For Wealthfront to Avoid Running Out of Gas

3 Tips For Wealthfront to Avoid Running Out of Gas

Posted by on Apr 12, 2016 in Industry Analysis

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 […]

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

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

Posted by on Apr 3, 2016 in Industry Analysis

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 […]

How Acorns Is Beating Roboadvisors on Scale

How Acorns Is Beating Roboadvisors on Scale

Posted by on Mar 7, 2016 in Industry Analysis

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 […]

4 Reasons Why the End is Near for Wealthfront

4 Reasons Why the End is Near for Wealthfront

Posted by on Feb 26, 2016 in Industry Analysis, Technology

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

Posted by on Feb 14, 2016 in Conference Summaries, Technology

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 […]

How a Snapchat RoboAdvisor Could Rock the Industry

How a Snapchat RoboAdvisor Could Rock the Industry

Posted by on Jan 31, 2016 in Industry Analysis, Technology

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 […]