 Banks already have a roster of existing clients,” say Pickering, and they are looking to expand their services to include more financial advisory services. “The last time I went to my bank they asked if I want a financial checkup,”Federick Pickering, Research Analyst, Cerulli. |
The Indie Robo-Advisor: A Doomed Business Model?
Bernice Napach | Think Advisor, September 2015
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Summary:According to the latest Cerulli Edge report, software-only eRIAs – electronic registered investment advisors, Cerulli’s term for robo-advisors — are operating in a business threatened with commoditization, which will depress fees that are already under pressure from the entrée of Schwab and Vanguard.
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