Irwin Stein

ROBOs just take advantage of electronic data in rendering a more comprehensive form of advice and monitoring. Presently no ROBO has incorporated expert prudent process (asset/liability study, investment policy, portfolio construction, performance monitor) that puts "financial services" (authenticate back to objective, non-negotiable statutory fiduciary criteria) back into the financial services business.  When that occurs, ROBOs become part and parcel to the rendering of advice. SCW

RBC Wealth Management adds NextCapital to its robo lineup with a head-scratching explanation about its earlier pick of FutureAdvisor

BlackRock

RBC Advisor Services

Personal Capital

NextCapital

Polly Portfolio

RBC Wealth Management

F2 Strategy

Doug Fritz

Dirk Quayle

Jasen Yang

Brett Thorne

Stripped down to its essentials, financial advice is a fairly straightforward proposition. Done well, a highly ethical individual stewards the assets and actions of an investor in a personal and professional interchange.
 
But now a vibrant new class of entrepreneurs is staking their fates and their fortunes on the premise that financial advice can be delivered in a better, cheaper, easier, more ethical, more transparent manner and, as a bonus, in a way more devoid of human annoyance on both ends of the transaction.
 
Cue the robo-advisors, arguably a callous misnomer for automated asset management. 
 
The prototypical robo-advisory entrepreneur has more brands on his or her resume than NASCAR. The bona fides of these industry upstarts often include Ivy-level colleges and MBA programs at Harvard or Stanford. They are often flush with IPO dollars realized at concerns like LinkedIn, Facebook, eBay, Amazon  and Microsoft. 
 
Robo-folk believe that technology is not an enabler of advice but rather, if engineered correctly, advice itself in digital form. 
 
And, they believe the best solutions originate in Silicon Valley or academia, not Wall Street. Robo-entrepreneurs are white-boarding the whole business model, culture and technology from scratch in the conviction that little can be learned from a legacy advice system still rooted in an investment banking culture acting under the core premise that if stockbrokers get rich some of the good effects will trickle down to clients – with the clients none the wiser. 
 
Robo-advisors are a scintillating topic for students of the advice game as they grow by hundreds of millions in assets every month, constantly evolve their business models and receive cash infusions from ever-larger swaths of venture capitals.
 
Throw in the fact that robo-advisors have yet to see a dime in profits -- and won’t in the foreseeable future -- and you have real intrigue. 
 
RIABiz has avidly covered the fast-evolving robo-advice phenomenon and will continue to do so. We present the growing body of articles here.

Robo-Advisors

It appears Rob Foregger's robo-come-lately has leapfrogged its bigger, better-funded automated portfolio offering -- although the 'why' of it is open to interpretation

RBC Wealth Management adds NextCapital to its robo lineup with a head-scratching explanation about its earlier pick of FutureAdvisor

Stephen Winks

Related Moves

April 26, 2023 at 11:25 PM

April 8, 2025 at 1:49 AM

March 5, 2025 at 3:20 AM

January 11, 2025 at 3:01 AM

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RBC Wealth Management adds NextCapital to its robo lineup with a head-scratching explanation about its earlier pick of FutureAdvisor

Stephen Winks

Related Moves

April 26, 2023 at 11:25 PM

April 8, 2025 at 1:49 AM

March 5, 2025 at 3:20 AM

January 11, 2025 at 3:01 AM

RIABiz Directory

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