U.S. Bancorp launches robo
Futuristic concept of internet dependency
Investment unit's Automated Investor created with help of BlackRock's FutureAdvisor.
U.S. Bancorp Investments has launched Automated Investor, a robo-adviser developed with FutureAdvisor, an investment advisory firm owned by BlackRock.
The automated investing offering blends the investment strategies of U.S. Bancorp Investments with FutureAdvisor’s technology platform, the bank said in a release.
Exchange-traded funds are used to build Automated Investor’s target portfolios, the bank said. It set a minimum investment of $10,000 for the service, with a fee basis of .5% annually on assets in the account.
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