The Robo-Ecosystem

Post on September 05, 2017

The ecosystem of “robo advisors,” or digital advice providers, has dramatically evolved over the last several years. Once viewed as Silicon Valley novelties, leading online advisors sought to disrupt the financial services industry through their low-cost, highly-transparent and digitally-centric philosophies.

Before 2008, wealth management software was only available to human financial advisors, who used it to automate their workload without passing on savings to clients and instead charging the same traditional advisory fees, usually between 1% and 3% of investable assets.

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