The new Halal investing portfolio screens for business and financial activity to ensure stocks are compliant with Islamic investing practices
Advisors who use Wealthsimple’s B2B platform have access to Shaunessy’s institutional portfolio
Rather than cannibalizing traditional financial services firms’ clients, robo-advisors could open the market to cost-sensitive investors
Mandeville advisors can refer clients and prospects to the new platform, which combines the benefits of a robo-advisor but with access to private alternative strategies, for a referral fee
PPI Valet, powered by WealthBar’s robo-advisor platform, provides advisors who are licensed only in insurance an opportunity to expand their offerings
These new services could simplify how prospective borrowers access traditional lenders
But the rise of automated advice services also carries operational and implementation risks
Far from replacing interaction with real people, technology strengthens the financial advisor’s client service
Increased life expectancy and a fast grow senior population were key motivators for adding RRIFs to the robo-advisor service
The robo-advisor says an invitation-only trial version of its service will be tested this summer in the U.K.