The SEC has sent a clear signal that it is ramping up enforcement against robo-advisors.
Assets controlled by robo-advisors continued to grow as the digital field matures, the firm said.
Investing spare change is a key piece of competing apps such as Acorns, Chime and Wealthsimple.
Regulators are now looking more closely at how robo-advisors invest, bill and advertise.
Can Power Corp. do for Wealthsimple what it did for Personal Capital?
Fewer than 20% of advisory firms said they use an all-in-one technology approach.
Aghaz Invest used direct indexing to create sharia-compliant, multi-asset portfolios.
TIFIN recently successfully sold tax-optimized model portfolio tool 55ip to J.P. Morgan.
Aghaz Investments automatically screens investments based on parameters founded in Islamic law.
It's the latest tech-driven step towards a move down market for the wirehouse.
Peter Clemson will help the firm add more advisor-facing, business-to-business robo-advisory components to its tech offering.
The new robo-advisor is a partnership between Franklin Templeton, Bambu and Apex Clearing.
Regarding robo-advisor performance, bigger doesn't always mean better.
Robo-investors gained higher trust and confidence in their advisors during the Covid-19 crisis, the study showed.
The latest fundraising builds on a $33 million Series B round that closed in June.
The research appears to strike another blow on behalf of automated investing.
The merger creates a $44 billion mega-TAMP.
Schwab Plan is a completely free digital financial planning service built primarily around retirement.
Acorns now has 8 million U.S. users and $3 billion in assets under management.
Flat fees may help demonstrate the value of planning and expand advisors' client base.