Displaying 41 results
Acorns to go public via $2 billion SPAC deal
Acorns is the latest wealthtech company to go public via blank-check merger, following competitors like SoFi. Launched at the end of 2014, the fintech is a subscription-based automated investing and banking app.
Wealthtech funding hits record $5.6 billion in Q1
In the first quarter, a total of 86 deals took place, and the wealthtech sector already has outpaced 2020’s year-end total funding of $5.2 billion.
Pandemic fuels rapid growth for robo-advisers: Report
Robo-advisers are expanding services and growing assets at a rapid pace, further cementing their place in the financial advice industry.
Robos roll out crypto offerings ahead of potential Bitcoin ETF
Robo-advisers could be entryways for new market participants to gain access to crypto investing, while advocates wait for regulators to make a decision on a Bitcoin exchange-traded fund.
Wealthfront, Betterment, SoFi expand offerings
Robos are continuing to make incremental product expansions to make their digital advice platforms more competitive with incumbent banks.
Top 5 largest robo-advisers by AUM
Vanguard reigns king for incumbents disrupting the robo-adviser space, while Betterment continues to manage the most assets among independents.
Wealthfront claims M1 Finance spied on client research sessions
The robo-adviser claims that at least one M1 employee lied about employment in order to get information about Wealthfront products and listen in on direct feedback from clients.
Will Walmart offer wealth management products?
Walmart announced the launch of a new company designed to offer digitally enabled financial products to its customers and employees. Its 265 million weekly customers makes it an attractive distribution channel to expand investing to underserved investors.
Wealthsimple’s $87 million round makes it the latest tech unicorn
The Toronto-based robo-adviser manages approximately $6.4 billion in assets and has more than 1.5 million users
Schwab launches free financial planning tool
The brokerage joins a list of industry players touting free or low-cost financial planning apps to attract younger clientele
Robo-adviser accounts surge during pandemic: Report
Digital advice providers were well positioned to transfer to remote work resulting in an increase in new business
Fidelity drops robo-advice fees for small accounts
The Fidelity Go program will drop fees on accounts with less than $10,000 starting in August
Wealthfront takes final step toward automated advice — direct deposits
In an email to customers on Wednesday, the independent robo-adviser announced new cash accounts that come with routing numbers and debit cards
Wealthfront takes another step to becoming a digital bank
The robo-adviser says it will automatically pay bills and invest the rest in the most appropriate accounts
Wealthfront buys hybrid robo Grove in quest to automate paychecks
Facet Wealth, not Wealthfront, will absorb Grove's clients, boosting its current client base by 50%.
Wealthfront has courted controversy with risk-parity fund
Critics see a volatile product that has underperformed benchmarks and contains difficult-to-understand costs.
Fintechs find new focus helping clients with cash management
Robo-advisers, lenders and stock trading apps are all launching high-yield savings accounts.
Wealthfront risk parity fund accused of underperforming
Criticism mounts but robo-adviser defends its strategy.
Wealthfront wants to help millennials take a sabbatical
The company found taking an extended leave from work was a top concern among its young investors.
Robo advisers are stepping up their financial planning
Betterment wants to give more advice on held-away retirement plans and Wealthfront expands college planning.
