Robos Look Beyond Investing

Robos Look Beyond Investing

"Across the board, they're really expanding the platforms to be more all-inclusive personal finance platforms, as opposed to just robo-investing platforms," says Backend research analyst David Goldstone. New Services Assets are being driven by products that are new to the robos, but e...

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Veröffentlicht in:Barron's 2019-07, Vol.99 (30), p.21-22
1. Verfasser: Walsh, Ben
Format: Artikel
Sprache:eng
Schlagworte:
Advisors
Asset allocation
Automation
Bank service charges
Budgets
Cash management
Cost control
Customers
Cybernetics
Fees & charges
Interest rates
Investment
Investment advisors
Personal finance
Savings accounts
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Zusammenfassung:"Across the board, they're really expanding the platforms to be more all-inclusive personal finance platforms, as opposed to just robo-investing platforms," says Backend research analyst David Goldstone. New Services Assets are being driven by products that are new to the robos, but effectively old hat elsewhere in the financial world: cash management, spending and budgeting, and sustainable investing. Goldman Sachs (GS) has yet to offer a full robo product, though the firm acquired a robo-like retirement provider called Honest Dollar in 2016 and the registered investment advisor United Capital Financial Partners in 2019.
ISSN:1077-8039