True Link joins crowded digital-advice market dominated by big financial names..
WealthPLAN Partners was with LPL for 27 years.
Asset manager takes 36% stake and its ETF models will be made available through the digital platform, which has changed its name.
The advisory world is moving toward a fiduciary standard with or without the DOL rule, financial technology firms contend.
The wirehouse, whose platform will be available next year, joins other big firms jumping into digital advice. <b><i>(More: <a href="//www.investmentnews.com/article/20160524/FREE/160529970/sigfig-raises-40-million-in-funding-led-by-eaton-vance-asserting"" target=""_blank"" rel="noopener noreferrer">SigFig raises $40 million in funding led by Eaton Vance</a>)</b></i>
Digital-advice firms tell the Securities and Exchange Commission they put clients' interests first and that some regulatory updates are needed as digitization of the industry grows.
Adviser offers firm's experience building a business within the business for younger investors
Summit Advisor Services, a turnkey asset management program, was partially owned by an Aequitas venture. That company had been charged by the SEC with running a Ponzi scheme.
News of an executive reshuffling at Wealthfront comes at an interesting juncture for the automated-advice space.
Plus: Forecasting a Trump victory, the reality of retirement healthcare costs, and getting your emails opened
Robo-adviser's assets under management trailing key competitors could have been a factor in Adam Nash's replacement as CEO, fintech experts say.
FTV Capital takes small stake and board seat in risk software provider.
Deal combines two of the largest online brokerages and expands US operations of Canada's second-largest lender.
The robo-adviser claims the new service could boost a portfolio's return by 0.48% a year, or 15% over 30 years.
Experts at Insider's Forum in San Diego also questioned the generally sluggish pace of robo adoption across the advice industry.
While open to using robos for basic investing, they want traditional wealth managers for complex needs.
Data aggregation &mdash; and knowing what's on both sides of a client's balance sheet &mdash; is key to meeting new requirements.
Software could help with recognizing and planning around clients' loss of cognitive function.
