News Topic: Robo advisors
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Truist unveils robo advisor
Regions launches investment advisory service aimed at young customers
Ally’s wealth business adds humans to complement robo advisors
UBS to buy robo advisor Wealthfront for $1.4 billion
OpenInvest says it will keep its 'magic' after sale to JPMorgan Chase
Small bank takes stake in robo advisor to reach the mass affluent
Betterment launches checking account for shared finances
Challenger bank Digit takes on robo-investing
As it does with savings, Digit's algorithm calculates how much users can siphon off their earnings into retirement without missing the funds. ... Read full article
SoFi launches social network for investors
Clients of the challenger bank's robo-adviser are able to see one another's trades, add comments and watch a leaderboard of top investors. ... Read full article
Building customers’ wealth by putting excess cash on ‘Autopilot’
The fintech Wealthfront's latest wrinkle gives clients a high level of control over their money, including the ability to set automatic transfers to savings accounts or exchange-traded funds. ... Read full article
Outsourcing PPP, stress-test fallout, SCOTUS’ CFPB ruling: Top stories of the week
As PPP enters forgiveness phase, some banks see outsourcing as best move; after the Fed’s stress tests, Wells Fargo to cut dividend while other big banks boost capital buffer; Supreme Court strikes down CFPB leadership structure; and more from this week’s ... Read full article
Banks continue to embrace robo advisers (even if customers don’t)
Citizens Bank and Citigroup are among the financial institutions plugging away at a service that has gained little traction among customers. ... Read full article
Robo adviser Betterment launches checking account
Betterment has debuted a bank account, in conjunction with partner nbkc bank in Kansas City, Mo., that is targeted at millennials and marketed as a complement to its long-term savings products. ... Read full article
How robo-adviser Wealthfront is becoming more like a bank
Andy Rachleff, the fintech's CEO, discusses the digital bank it's developing and the concept of "self-driving money." ... Read full article
Gatsby launches free options trading for millennials, Gen Z
The startup with a namesake app is already attracting young investors and has been in talks with banks about partnerships. ... Read full article
7 things that will affect next stage of banking's evolution
More digital competition, tougher tech choices and a completely new generation of customers are just some of the challenges facing bankers in the near future. ... Read full article
Goldman's small world; Bitcoin’s woes go beyond price
The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged. ... Read full article
A 'false narrative'? Banks strike back against claims of fintech advantage
Bankers are disputing upstarts' claims customers don't like them, noting progress that traditional institutions have made in recent years. ... Read full article
Robo adviser lays out ambitious banking plan
Wealthfront could roll out a debit card, automated bill pay and direct deposit in early 2020, Chief Executive Andy Rachleff said. ... Read full article