robo advice

May
10

Swiss Fintechs launch Asia service

Two Swiss fintech companies have launched a service in Asia designed to give local financial-service operators access to robo advisory products. Additiv and Synpulse in the framework of a cooperation agreement developed a three-step process, which will give companies in Southeast Asia and Greater China access to robo advice. The two companies are based in […]

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May
03

Robo Advice: Better Than No Advice?

The proliferation of Robo-Advisors bringing low priced financial services out into the market has received significant buzz over the past few years. As is customary with all new things, one must ask questions before buying into it. As a Certified Financial Planner, my question is: Does Robo Advice have true value to the average consumer? […]

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Mar
23

Goldman Sachs launching robo advice service

Interest in robo advice from financial services giants is ramping up as demand grows for low cost, online and simplified wealth management. In another fintech-powered move towards its non-traditional market Goldman Sachs is looking to develop a robo-advice investment platform aimed at the masses rather than ‘the 1%’. Robo advice is a broad term that […]

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Mar
21

RBS plans to roll-out robo-advice

The Royal Bank of Scotland expects to be in a position to make a decision on the roll-out of robo-advice for mortgages by the end of the third quarter of 2017. RBS is currently engaged in a trial of the technology, which could help it to cut costs as it strives to regain profitability amid […]

By Reposted by International FinTech | Banking . FinTech . Investing . Mortgage
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Mar
20

Schwab adds a human side to its robo-advice services

The robo-advice wars heated up again last week, as T. Rowe Price began marketing its first digital-investment offering, and Charles Schwab released Intelligent Advisory, a human-assisted version of its original robo service called Intelligent Portfolios. Robo advice is evolving rapidly, but the basic product is a low-cost, semi-customized portfolio meant for “mass affluent” investors with […]

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Mar
01

Wells Fargo robo-adviser to target young, first-time investors

Wells Fargo & Co’s wealth management business said on Tuesday it would launch its new robo-adviser Intuitive Investor later this year in a bid to develop a new revenue stream from existing Millennial customers who may be looking to open their first investment account in a crowded online market. Devon McConnell, Wells Fargo Advisors’ head […]

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Mar
01

‘Software better than people’, says US robo-adviser

US automated investment pioneer Wealthfront has penned a public post arguing software can provide consumers with better financial advice than humans. In a blog post on the Wealthfront website, Wealthfront founder and CEO Andy Rachleff said human beings cannot compete with robots when it comes to many business services and social endeavours, including the provision […]

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Feb
23

Thousands use LV’s robo advice service

Almost 6,000 people have used LV’s full automated financial advice service since it was launched in summer 2015, in an early indication that there is a significant market for comprehensive robo advice. The friendly society also revealed that 24,000 people had used its less comprehensive “automated guidance” service. However, LV was “unable” to reveal how […]

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