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Wealthfront Revs Up With AI, But Is Still Running on Fumes

Wealthfront Revs Up With AI, But Is Still Running on Fumes

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 […]

Why Acorns is the Only Roboadvisor That Could Be Worth $1 Billion

Why Acorns is the Only Roboadvisor That Could Be Worth $1 Billion

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 […]

Dead Robo Walking: Why Wealthfront is Doomed

Dead Robo Walking: Why Wealthfront is Doomed

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 […]

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 […]

3 Thoughts on Why Invesco Acquiring Jemstep Was A Smart Move

3 Thoughts on Why Invesco Acquiring Jemstep Was A Smart Move

Posted by on Jan 20, 2016 in Industry Analysis

I’ve been a big fan of Jemstep for quite a while now.  I first met their president, Simon Roy, at a T3 conference a few years ago when he was on a panel of robo-platform providers. (See 4 Robo-Platforms Go Head-to-Head at T3 Conference) While Jemstep started out with a short-lived direct to consumer model and then […]

5 Reasons Why the Envestnet Acquisition of Yodlee Was Brilliant

5 Reasons Why the Envestnet Acquisition of Yodlee Was Brilliant

Posted by on Aug 15, 2015 in Industry Analysis, Technology

In case you’ve been living under a rock for the past week, Envestnet shelled out almost $600 million to purchase data aggregator Yodlee.  The reverberations from this deal are still making their way across the industry. After spending about a year talking about licensing deals and partnerships, Envestnet CEO Jud Bergman came to the conclusion that Yodlee’s […]

Robo-Advisors Shakeout: Who Will Be The Last One Standing?

Robo-Advisors Shakeout: Who Will Be The Last One Standing?

Posted by on Aug 2, 2015 in News

It wasn’t supposed to be this way The robo-advisor concept began as an idea that could disrupt the wealth management industry.  It started moving through a series of phases that are common to disruptive ideas and technology.  Disruptors like Amazon, Apple and Uber all went through these phases with their products and services.  New business models rose up […]

InVest 2015 Conference: Fast Twitter Recap – Day 1

InVest 2015 Conference: Fast Twitter Recap – Day 1

Posted by on Jun 19, 2015 in Conference Summaries, Technology

This is my summary of day 1 of the In|Vest 2015 Conference.  This is the first year for this conference and they are targeting a wide audience, at least beyond what I see at other wealth management events. Their goal was to bring together traditional wealth management firms, retail and private banks with enterprise technology and service providers, digital advisory and […]

Pershing Plans a Robo-Advisor White Label Product — Yip

Pershing Plans a Robo-Advisor White Label Product — Yip

Posted by on Apr 13, 2015 in Technology

The woman from the public relations had scheduled a meeting for me with Patrick Yip, Director of Advisory Market Technology Strategy at Pershing LLC. since we would both be at the Technology Tools for Today (T3) Conference in Dallas.  Yip was looking to talk about some new technology initiatives undertaken by Pershing and their parent, the […]

The Top 10 WMToday Posts from 2014

At the end of every year, we compile a list of the most popular posts that were published on WM Today. It’s a great way to look back on what happened this year, and an insight-packed view of what really resonates with our readers. 10. Going Mobile: Review of AssetMark’s New iPad App As part […]