Why big banks are (finally) deploying robo-advisers
Banks' online advice platforms are just the face of a deeper effort to restructure client data and adapt to a digital era. ... Read full article
News Topic: Robo-advisors
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Can this robo-advisor firm become the Amazon of financial services?
Jon Stein plans to make Betterment's robo-advisor as personalized and intelligent as the online retailer's recommendation engine. ... Read full article
Mission-oriented neobank gains $47 million in funding
Rather than charge set fees, Aspiration offers customers name-your-fee accounts and donates to charities based on the amount of money it makes. ... Read full article
Fed issues guidelines for bank boards; The problems with the CFPB
Guidance focuses on five key traits, including overseeing risk profiles; a former Congressional aide says agency must be accountable. ... Read full article
Wells, JPM go mobile-only in pursuit of millennials
The banks' newest offerings hope to attract young clients and keep them there for life. But they face stiff competition. ... Read full article
Trump tax plan to boost banks; Morgan Stanley's human bias
While some aspects of the plan would hurt, lower corporate tax rate would increase bank earnings; Wall Street firm thinks the majority of its clients prefer human advisers. ... Read full article
KeyBank turns to Invesco's robo-adviser for help
KeyBank is the latest to join the robo-adviser trend. Its investment services unit just announced a partnership with Jemstep, which is eager to do more such deals with banks now that it is owned by Invesco. ... Read full article