“Wealthsimple Black” will provide clients with $100,000 or more invested in the service with a lower management fee and access to tax-efficient funds and tax-loss harvesting
Regulators publish conclusions on automation in financial advice
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