 I think overall, providing a low-cost alternative for the end advisor and the end investor is a thing. I think this is competition and competition is good. I think Schwab has a trusted name in the industry and that gives them a leg up."Joel Bruckenstein, financial technology analyst and founder of the Technology Tools for Today conferences |
Industry Split on Schwab's Robo-Advisor
Ryan W. Neal | wealthmanagement.com, March 2015
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Summary: Charles Schwab became the first custodian to release it’s own automated asset allocation platform for retail investors on Monday. The launch of Intelligent Portfolios ignited a debate over Schwab’s “no fees” claim and the impact the so-called “robo-advisor” would have on the financial technology sector as a whole.
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