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robo advisor

EuropeFintechNews Roundup
·Oct. 4, 2017

Nutmeg Shows Mixed Results in Disclosures

The UK’s biggest robo-advisor has seen assets under management grow to over $798mn and customers exceed 25,000 at the end of 2016; however the company also reported a 5 percent increase in losses and a 10 percent increase in operating expenses; building up scale to eventually make money looks to be the biggest challenge for the growing fintech company. Source.

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FintechNews Roundup
·Sep. 20, 2017

PingAn Bank Provides Robo-advisor Services

PingAn Bank on Wednesday launches its robo-advisor services, which utilize black-litterman model and quantitative asset allocation methodology to customize users’ investment portfolio based on their risk preferences. Source (Chinese)

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FintechNews RoundupUSA
·Oct. 4, 2017

Charles Schwab & Co. Hires ex-Betterment General Manager

Schwab Intelligent Portfolios now boasts $24 billion assets under management and has hired Cynthia Loh, the ex-general manager of Betterment for Business; article reports on Schwab’s robo-advice platform growth, the cannibalization the firm saw with the offering, and what the new hire might mean for Schwab’s future plans. Source

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FintechNews Roundup
·Dec. 27, 2016

Chart of the Week: Fundraising for Robo Advisors and Digital Wealth Management Firms

The chart below is from PitchBook's fintech analyst report, "Part 3: Asset Management"; shows funds raised by companies offering robo advisor and digital wealth management services; according to PitchBook, institutional investment in fintech digital wealth management companies has been increasing since the financial crisis while millennial preferences have also increased demand.  Source

fintech-asset-managment-2

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