Jump to content

E-Trade to Introduce Robo-Advisory Service


RV_

Recommended Posts

Robo investing comes to the common man? How many folks would try this before the playing field was again leveled? I am checking into it from a small block perspective and will see what I can find. The issue for many of us is that not all use or are familiar with E-Trade.

 

Here is the story:

 

Excerpt:

 

"E-Trade Financial, the brokerage firm that rose to prominence in the internet start-up boom of the late 1990s by peddling the ease of active online trading, is introducing a so-called robo-advisory service.

 

It will be the latest big financial company to chase the billions of dollars that have poured into automated investing in the last few years.

Unlike the self-directed investing that E-Trade Financial once championed, robo-investing, for the most part, embraces a “set it and forget it” approach, using exchange-traded funds and automatic portfolio updating. Popularized in the last five years by digital platforms like Betterment and Wealthfront and initially aimed at young professionals, the concept has shaken the traditional wealth management industry and forced nearly every major bank, fund company and brokerage firm to develop its own offering.

 

The new federal rules for companies that manage investor money are expected to encourage a rush to low-cost investments, something the robo advisers claim as their hallmark. The rules may also hasten formal partnerships between traditional banks and brokerage firms and the financial technology firms that have built robo-investing platforms. Robo advisers and other digital platforms had $53 billion of investor assets at the end of last year, according to Aite Group, up from $2 billion at the end of 2013."

 

Much more in the full article here: http://www.nytimes.com/2016/06/08/business/dealbook/e-trade-to-introduce-robo-advisory-service.html?em_pos=small&emc=edit_tu_20160607&nl=bits&nl_art=5&nlid=36852580&ref=headline&te=1

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

RVers Online University

campgroundviews.com

Our program provides accurate individual wheel weights for your RV, toad, and tow vehicle, and will help you trim the pounds if you need to.

Dish For My RV.

RV Cable Grip

RV Cable Grip

All the water you need...No matter where you go

Country Thunder Iowa

Nomad Internet

Rv Share

RV Air.

Find out more or sign up for Escapees RV'ers Bootcamp.

Advertise your product or service here.

The Rvers- Now Streaming

RVTravel.com Logo



×
×
  • Create New...