The departure of Betterment founder and CEO Jon Stein, after a decade at the reins of the industry’s leading independent robo-adviser, was surprising and a bit bittersweet.
Goldman Sachs Inc. is testing its digital advice platform with employees ahead of a public rollout slated for the first quarter, according to a company memo reviewed by InvestmentNews.
One of the greatest impacts of 2020 on wealth management is the increase in wealthtech adoption by advisers.
Franklin Templeton has tapped Singapore-based wealthtech Bambu and Apex Clearing to launch a new turnkey robo-adviser, Tango, in an increasingly competitive digital advice space.
Robinhood was criticized for its use of gamification strategies to attract young investors in a complaint filed by the Massachusetts Securities Division that alleged the fintech manipulated its customers, many of whom are novice investors, into excessive trades.
Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion.
The popularity of cryptocurrencies is gaining steam, with large industry players ramping up offerings tailored to institutional investors, but growing investor demand is expected to soon spill over to financial advisers.
A look back at 20 events that rocked financial advisers and their clients, and helped shape our profession.
Changes are designed to help investors understand how the B-D routes their order and how that affects execution quality.
As chairman, he succeeds Bill McNabb.
