In the future, the rankings will include a sub-ranking recognizing the best robo-advisor from an incumbent financial institution, according to Backend Benchmarking. The Robo Ranking reports will also be released twice a year, the company said.
The top 10 advisors ranked in the first edition of the report were:
No. 10 – Acorns, 45.05
No. 9 – FutureAdvisor, 49.82
No. 8 – Personal Capital, 55.85
No. 7 – WiseBanyan, 70.06
No. 6 – Wealthfront, 72.19
No. 5 – Schwab Intellligent Portfolios, 73.04
No. 4 – E*Trade, 75.33
No. 3 – SigFig, 78.07