Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Jon Stein’s Betterment Develops “Robo-Adviser”

 

joncomputer_betterment_story

 

Betterment, a digital investment management firm, announced an automated “rob-adviser” for advisory firms. The service allows clients to simplify time consuming tasks such as rebalancing portfolios and tax-loss harvesting, as reported by Investment News. One of Betterment’s clients using the new service is Fidelity Institutional Wealth Services, among 25 others, said Betterment CEO Jon Stein.

The service provides client sign-up, reporting, billing software and fee collection. Advisers and their clients can both log on and view the data, simplifying communication. The fee for clients is 25 basis points with no upfront costs and no transaction fees. Stein pointed out that on the company’s site, there are 800 to 1, 000 clients signing up for demos. The aim is that advisers use technology to execute tasks so they can have more time to advise clients.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.