July 25, 2015
WINNING THE WAR ON WAGES:
Comparing Robo-Advisers for Retirees (ELEANOR LAISE, 7/25/15, Kiplinger's Retirement Report)
Traditional financial-services firms such as Charles Schwab and Vanguard Group, as well as newer players such as Wealthfront and Betterment, are competing to attract small investors wary of paying the 1% or more of assets that a typical human adviser charges. After assessing an investor's risk tolerance and goals through an online questionnaire, robo-advisers typically build each client a diversified portfolio of low-cost index funds, often for a fee of 0.25% or less.
It was all just good economics when the machines came for the blue collar jobs....
Posted by Orrin Judd at July 25, 2015 9:40 AM
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