The robo-advisor will work with clients who invest $150,000 or more through its platform to customize their portfolios
InvisorGPS allows investors to set short- and long-term goals; identify how long it will take to reach these goals; and track their progress, among other things
“Robo-advisors” typically invest your assets in a portfolio of exchange-traded funds, then rebalance your portfolio automatically
Technology could be used to prospect for clients and provide basic advice while advisors could step in and provide a greater holistic picture to clients
However, the bank does not intend to make the U.S. robo-advisor available to Canadian investors for the time being
The investment industry is embracing and launching robo-advice platforms in one form or another
David Nugent, portfolio manager and chief compliance officer, Wealthsimple, explains how the robo-advisor firm digitizes the investment process to offer millennial clients advice and value. He spoke at the IFIC annual leadership conference 2016 in Toronto.
Marcia Moffatt, head of BlackRock Canada, explains how full-service advisors can use robo-adviice to help boost assets, broaden their client base, and give better and more personalized service to clients. She spoke at the IFIC annual leadership conference 2016 in Toronto.
Glidepath differs from its competitors in that the firm’s platform is designed only for financial planners and it has no direct-to-consumer component
When it comes to investors’ satisfaction with their self-directed brokerages, National Bank Direct Brokerage ranks highest for a second consecutive year, followed by BMO InvestorLine