The Corporate Insight Blog tracks the latest digital trends, news, and insights across financial services with a focus on the digital and mobile user experience.
With the August 29 launch of You Invest, J.P. Morgan Chase tries its hand at self-directing trading services, joining the ranks of Wells Fargo Advisors and Merrill Edge. You Invest provides free or discounted trading with an initial $0 account minimum. The firm is attempting to draw more assets by targeting passive investors, Millennials and […]
It’s official: Acorns entered the $28.21 trillion retirement market with Acorns Later, which offers Roth, traditional and SEP IRA accounts under the Acorns investing model. The much-anticipated launch, which came at the end of April, follows Acorn’s acquisition of Portland-based retirement fintech firm Vault in November 2017. Acorns Later follows the formula of a standard […]
E*TRADE recently unveiled its new “Don’t Get Mad, Get E*TRADE” campaign involving digital, mobile and social marketing, along with a series of TV commercials to attract millennial investors hoping to get rich fast. The first commercial, which was released in late June, portrays a man daydreaming about the lives of the super-rich, imagining pizza delivered […]
Next-Generation Investing 2015: Digital Advice Matures is now available! Our new comprehensive study focuses on the leading investing and personal-finance related startups in the digital advice industry. The study will cover the past, present and future of these fintech startups and will provide particular value to firms facing the decision to buy, build or white-label a new financial […]
The Fall 2014 Issue of Consulting Insights is now available! Our cover story takes a look at the prospects for wearable tech development in the financial services industry in light of the recent Apple Watch announcement. We also explore how leading brokerages support active traders with idea generation tools, and share competitive and usability insights on mobile menu design from a recent Mobile Monitor Report. Our fourth article reviews recent industry activity in response to “robo-advisor” services from startup challengers.
Online advice startups like Personal Capital, SigFig and Wealthfront have generated a lot of buzz in the past few years and their low-cost offerings and innovative technology have caught the financial services industry’s attention. Whenever we discuss these firms, one question inevitably arises – how much money do they actually advise?
To answer that question, we collected up-to-date assets under management (AUM) and advised assets figures from 11 leading startups – AssetBuilder, Betterment, Covestor, Financial Guard, FutureAdvisor, Jemstep, MarketRiders, Personal Capital, RebalanceIRA, SigFig and Wealthfront. As of April 1st, 2014, that figure was $11,527,311,000 – an impressive number given that most of these firms launched within just the past two years. Of that, $2.6 billion is under discretionary management, which means the startup trades on behalf of the client. The remainder – just under $9 billion – falls into the category of paid investment advice delivered online without discretionary control.
Corporate Insight is proud to announce the release of Next-Generation Investing: Online Startups and the Future of Financial Advice, the first comprehensive study on the investing- and personal finance-related startups that have emerged in the wake of the financial crisis. The study represents the culmination of nearly two years of research, encompassing over 100 online startups pioneering a wide variety of unique investment ideas. The Next-Generation Investing study offers detailed analysis of ten categories of unique investment products and services including:
Next-Generation Investing: Online Startups and the Future of Financial Advice is the first comprehensive study on the investing- and personal finance-related startups that have emerged in the wake of the financial crisis. Due out October 29th, the study represents the culmination of nearly two years of research, encompassing over 100 online startups pioneering a wide variety of unique investment ideas.
Next-Generation Investing: Online Startups and the Future of Financial Advice is the first comprehensive study on the investing- and personal finance-related startups that have emerged in the wake of the financial crisis. Due out this October, the study represents the culmination of nearly two years of research by CI's Grant Easterbrook, encompassing over 100 online startups pioneering a wide variety of unique investment ideas. Grant is a recognized expert in the field who has been cited in such outlets as the Wall Street Journal, the New York Times and Reuters.
Over the years we’ve seen the occasional online startup try to disrupt the investment industry in one way or another. But what was once a trickle has turned into a flood in the aftermath of the financial crisis, to the point where today Corporate Insight tracks over 30 emerging online investment alternatives including: