News Topic: Robo advisors

Only 15% of bank customers at Bank of America use its online investment platform, but the company expects that figure to increase as it opens branches in nine major cities. ... Read full article

Most big banks are launching robo-advisers to compete for a new breed of wealth management customer. The risk is that automated services will disappoint traditional customers. ... Read full article

In stunning all-cash $3B merger, every investment adviser is put on notice that the future is in digital wealth management. ... Read full article

BMO Wealth Management aims to modernize its investment service and give advisers better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan. ... Read full article

The bank is providing Merrill Edge's do-it-yourself clients with more automated stock and portfolio research, but it plans to hire more financial representatives for those who want in-person advice in branches. ... Read full article

The retailer's foray into wealth management is a wake-up call for an industry that often overlooks female investors. ... Read full article

Webster Bank’s partnership with the national broker-dealer LPL is a reversal of its initial opposition to robo-advisers. It is the latest regional bank to enter a market first claimed by the biggest banks. ... Read full article

Brandon Krieg, co-founder and CEO of StashInvest, shares what his company is doing to create a comfortable, "frictionless" point of entry for investing. ... Read full article

Overstock will offer automated investing to its millions of shoppers. Some financial advisers reacted with a shrug, but are they underestimating the move? ... Read full article