Although Responsive’s services have higher fees than other robo-advisors, these will be justified when markets take a downward turn, says the firm’s CEO
Advisors who develop such partnerships could find efficiency and scale in their businesses, which could help improve overall productivity
Digital wealth-management platforms are aiming to make life easier for traditional advisors
There's much debate about how robo-advisors will impact the traditional financial services sector
A new Department of Labor rule coming into effect means robo-advisors may not meet the obligations because of the online onboarding process they employ
Chris Hogg has been tapped to run the robo-advisor’s new tech platform
The new service is intended for advisors who have clients with smaller accounts they want to keep on, but don’t meet minimum account requirements
The launch of BMO SmartFolio will lead startups to up their games and traditional firms to launch similar services
Personal Capital, which targets mass affluent and high net-worth, will give IGM exposure to the growing digital wealth-management business in the U.S.
Individuals are able to upload their statements to Wealthsimple for review, and an advisor with the firm will look to see how the person’s finances can be improved