BMO slashes minimum account size of roboadviser platform
Bank aims to attract more millennial investors
Bank aims to attract more millennial investors
As employers drop defined benefit pensions and banks close bricks-and-mortar locations, it leaves Canadians to take care of retirement via a laptop, tablet or phone
Their disruptive offerings will bring a reckoning to the traditional wealth-management model, fintech companies say
RBC InvestEase, which will offer automated investment advice and discretionary portfolio management to consumers, is being tested in a pilot project with employees
As more industry players realize that traditional FIs simply can’t go it alone to meet all the needs of the modern small business, collaboration has become key. But that collaborative environment is also giving way to a deeper connection between traditional and non-traditional financial service providers, as more firms recognize the value in sharing data. […]
A report from the World Economic Forum predicts three possible scenarios for advisors.
Under pressure from robo-advisors, some advisors are proactively trimming their fees and getting more tech-centric.
Wealth management firms, both independent and bank-backed ones, have seen their pre-tax profit margins decline in each region of the world in the past decade. This has been due to factors such as the push by regulators for greater transparency and investor protection, the rise of low-cost passive investment vehicles such as exchange-traded funds (ETFs) and increasing competition from financial technology (fintech) firms, according to Boston Consulting Group’s Global Wealth Report 2017.The report says the biggest declines in pre-tax
The regulator has proposed eliminating both track record and AUM requirements for robo-advisers catering to retail investors.
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Here's the latest entry in PitchBook's continuing research of the fintech space, with this analyst note providing an update
SoFi wants to be at the center of its members’ financial lives, and believes the best way to do so is to provide new products that complement its existing portfolio of student loan, mortgage and other loans. Today the company is announcing the launch of SoFi Wealth, a product it believes will compete with Wealthfront, Betterment and other low-cost wealth management platforms.
From robo-advisors to chatbots, tech advances allow money managers to create a brave new world of wealth management
China's wealth management industry is preparing for a boom in automated investment advice and trading programs, or "robo-advisors", as brokerages, banks and insurers look for a cheaper way to increase revenue from retail clients.
CEB TowerGroup recently released a report on the biggest technological trends occurring within wealth management for 2017. The industry push towards adopting fresh technologies is driven by a culmination of factors like slowing AUM growth, increased regulation, fee compression, and a major shift in client demographics and behavior.
Online training, news, education and information for the wealth management community in Asia. Compliance, learning, regulation, skills, products, suitability and technology.
There's a fine line between transforming customer experience and transforming a product or service.
With the industry at a crossroads, advisors need to blaze a trail.
Technology can help manage your clients’ demand for an immediate response to their questions.
The firm’s platform for advisors will now let users invest client assets in numerous active investment strategies
With stock markets trading at or near all-time highs, robo-advisors are working at educating clients to remain focused on their plan even when an inevitable market correction comes.
Feb 21st, 2017 | By James Lord | Category:ETF and Index News Ride-hailing app Uber has partnered with automated wealth management company MoneyFarm to provide its drivers with access to pension and ISA products for the first time in the UK.
Bank of America’s Merrill Edge launched its own robo advisory service this week.
Wealthsimple is backed by the same investor, Power Financial, that last year injected $75 million into Personal Capital.
The online investment advisers aren’t just for young, tech-savvy investors
University of Alberta professor Richard Sutton literally wrote the book on a branch of machine learning called reinforcement learning, and will collaborate with the bank on future work.
12 January 2017 Category: News, Asia, Global, Hong Kong, Singapore, Taiwan, USA By Sébastien Chaker* A long process of disruption and adjustment as developments ranging from the technological (e.g. the Chinese invention of gun powder) and the social (e.g. the Protestant reformation in Europe) to the economic (i.e.
Asked if a computer will ever be able to give better investment advice than a human, Oliver Bussmann does not hesitate. "I believe it's possible," said Bussmann, who until March was the chief information officer of UBS. Banks' wealth management departments and other investment firms are starting to adopt artificial intelligence.