The investor advocacy group is calling on U.K. regulators to clarify and enforce existing disclosure requirements for online advisory firms
The firm invested a further US$25 million into Personal Capital, bringing its total investment in the company to US$75 million and raising its stake to 15% from 10%
The third annual competition requires students to prepare a document and video on whether robo-advisors will help clients’ meet their financial planning needs
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.