Tagged: robo advisor

Singapore-based DBS Bank Develops New Human-Robo Investment Service

Singapore-based DBS Bank, which provides services in consumer, SME, and corporate banking activities, has created a hybrid human-robo investment platform that can be accessed by its clients in Singapore. DigiPortfolio has been designed for new investors. The new investment service provides access to seven exchange-traded-funds… Read More

Australia: Lime Shuts Down “Digital Advice Tools” Following Concerns Raised by ASIC

Lime FS Pty Ltd has agreed to shut down “digital advice tools” following concerns raised by the Australian Securities and Investment Commission (ASIC). According to ASIC, Lime has voluntarily shut down two digital advice referenced as robo advice. Lime FS’ corporate authorised representatives, Plenty Wealth… Read More

Financial Planning Startup Grove Joins Robo Advisor Wealthfront’s Platform

Robo advisor Wealthfront announced on Thursday that financial planning startup, Grove, has joined its platform. Wealthfront reported that Grove was founded in 2015 with a mission to mission to empower users to make “great decisions” about their money through a combination of human advisors and… Read More

NASAA Issues Investor Advisory on Robo-Advisors

Are you an informed investor? That’s what the North American Association of Securities Administrators (NASAA) wants to know when it comes to Robo-Advisors. The lobbying group has just posted an investor advisory cautioning individuals about the Fintech sector of Robo-Advisors. NASAA represents state and provincial… Read More

China: WeiyangX Fintech Review

Xiongan: the New Fintech Hub According to a guideline jointly issued by the Communist Party of China Central Committee and the State Council, Xiongan New Area is set to become a new center for China’s financial innovation. The guidelines said that Xiongan will “take the… Read More

SEC Settles with Robo Advisors Wealthfront & Hedgeable on Claims of False Statements

Lost in Space Robot

The Securities and Exchange Commission (SEC) settled proceedings against Wealthfront Advisors LLC and Hedgeable, Inc, regarding claims of making false statements and publishing misleading advertising. This enforcement action marks the first the SEC has taken against Robo-advisors – a hot sector of Fintech. Wealthfront, a… Read More

Robo-Advisor d1g1t Raises CDN $9 Million Series A

Toronto based Fintech dig1t Inc. has closed on a CDN $ 9 million series A funding round. The Robo-advisor provides wealth management tools powered by advanced analytics and risk management tools. The d1g1t platform offers portfolio management services to professional advisors and their individual investors…. Read More

Report Confirms that Goldman Will Move Into Wealth Management for the Masses

As we predicted just yesterday, Goldman Sachs will move into the wealth management space, according to a note by CNBC. The additional service was alluded to in the most recent Goldman earnings call which took place last week. The new financial advisor service will most… Read More

In a Move to Remain Competitive, JPMorgan Offers Free Trades for Customers

According to multiple reports, JP Morgan Chase will begin offering free trading (IE commission-less trades) beginning next week. For anyone who downloads their mobile app, during the first year users will be able to book 100 trades at not cost. If you happen to be… Read More

Crypto-VC IOB Invests in German Robo Advisor Fundamental Capital

Fundamental Capital, based in Germany, is an online asset manager specializing in using algorithms to help individuals invest in securities. Today, the Robo-advisor has announced that IOB , a US based crypto focused VC, has invested in the platform. IOB seeks to back regulated and… Read More

German Robo-Advisor Ginmon Hires Former AWS Cloud Architect

Frankfurt, Germany based Robo-Advisor Ginmon has hired Dmitriy Fot as CTO. Fot previously worked as a cloud architect at Amazon Web Services (AWS) Germany. Ginmon says the appointment of a high profile expert for a Fintech company is quite rare. Ginmon’s mission is to provide investors… Read More

Bankorus Partners with New Blockchain Accelerator AI Catapult, Part of JD.com

Bankorus (formerly MiCai), a provider of Robo-advisor solutions to wealth management companies and individuals with a combined AUM of $30 billion, is partnering with AI Catapult, the new Blockchain and AI accelerator created by JD.com. JD.com is one of the largest digital commerce platforms in… Read More

Robo-Advisor Wealthfront Celebrates $75M Round Led by Tiger Global Management

Robo-advisor Wealthfront announced a $75 million round of financing led by Tiger Global Management with participation from all existing venture capital investors, including Benchmark Capital, DAG Ventures, Greylock Partners, Index Ventures, Ribbit Capital, Social Capital and Spark Capital Growth. Launched by Andy Rachleff and Dan Carroll in December 2011, Wealthfront currently… Read More

Peer to Peer Robo-Lending Platform InvestUp Sizes Up Cryptocurrency Investing

FCA authorised crowdfunding aggregation platform InvestUp may be going crypto. The UK based Fintech has so far focused on the peer to peer lending space but management is currently looking at adding algorithm driven cryptocurrency investing. InvestUp shares that 2017 has been another good year… Read More

China: WeiyangX Fintech Review

Robo-advisors Now Required to Gain License to Operate in Mainland China On November 17th, top financial regulators in mainland China (including PBOC, CBRC, CSRC, CIRC and SAFE) released a new set of rules covering the country’s asset management market. It is the first time that… Read More

Robo-Advisor Blooom Now Has $1 Billion in Assets Under Management

Robo-Advisor Blooom now manages over $1 billion of retirement accounts for their clients, according to the company blog. Blooom was started in 2013 to “help the traditionally un-helped”. The platform explains that “Wall Street has made a habit of running in the opposite direction of investors with… Read More

Robo-Advisor Betterment Adds Goldman & Blackrock Portfolio Strategies

Betterment, the largest independent online investment advisor, will now offer two new portfolio strategies: a smart beta portfolio strategy and an income portfolio strategy. Betterment has selected the portfolio strategies from BlackRock and Goldman Sachs Asset Management (GSAM) designed to meet users diverse needs and… Read More

Betterment Raises $70 Million in Funding

According to a regulatory filing with the Securities and Exchange Commission (SEC), leading Robo-advisor Betterment has raised $69,999,997 in equity. The first sale was said to take place on August 23, 2017. It appears this is part of a Series E funding round that was… Read More

Sallie Krawcheck’s Ellevest Lands $32 Million Equity Investment

Online investment advisor Ellevest has raised $32,458,913 million according to a Form D filed with the SEC. The document was signed and submitted last week indicating that $2,180,015 is remaining to be sold (if you are interested). To date, Ellevest has now raised $51 million in… Read More

NSR Invest Acquires LendingRobot, Combined Entity Poised to Dominate RIA Alternative Lending Investing

NSR Invest and LendingRobot, the most prominent platforms providing Registered Investment Advisor (RIA) services in the alternative lending space, have joined forces to create the leading platform in this sector. Lend Core LLC, the parent company of NSR Invest, has acquired Algorithmic, Inc. and all its… Read More

Send this to a friend