Robo-adviser announces wealth-management partnership, switching gears from disruptor to vendor in investment industry

Post on October 17, 2017

Once seen as a major disruptor to the industry, robo-adviser Nest Wealth Asset Management is now partnering with the wealth-management industry to license online technology to those investment firms who want to bring robo-adviser capabilities in-house for their financial advisers to use directly with clients […] While the overall assets under management (AUM) in Canada remains a mystery (only one firm, Wealthsimple, has publicly announced it recently hit $1-billion in AUM), the service is booming in the United States. Online platforms held $103.3-billion (U.S) in AUM as of June, 2017, according to a report by Corporate Insight, a market research firm in New York.

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