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
Advisors will be able to send invites to clients they feel would best benefit from the robo-advisor’s services and then monitor those clients’ portfolios and track their success
Nicola Wealth Management and Howard Atkinson have invested in the robo-advisor, which is looking to add a platform for financial advisors and financial services firms