As Principal takes RobustWealth reins, the looming question is whether it follows the Northwestern-LearnVest script, which had a depressing final scene
The disparity in size, culture, locale and tenure between the $1 billion AUA robo and the $673 billion financial titan, makes the marriage an interesting case study
Author Oisin Breen September 6, 2018 at 7:55 PM
Brian Murphy
September 6, 2018 — 10:15 PM
RobustWealth's CEO tells me all I need to know - "Going it alone as a VC-backed firm scared me as I didn't have that part of the vision. I couldn't do it without a firm like Principal, and then they fell into our lap!"
DOA.
I'm amazed that none of these robo's has figured out a sound business model / distribution strategy yet.
Related Moves
How Edelman Financial Engines spin-off deal became a RetireOne engine that's heating up the RIA annuity game again
The fee-based annuities marketplace of Aria Retirement Solutions adds Edelman's broker-dealer, 6,000 clients, 'hundreds of millions' in client assets and an old hand
November 20, 2019 at 10:19 PM
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RetireOne
Consulting Firm, Specialized Breakaway Service, Insurance
Top Executive: David Stone