News, Vision and Voice for
the Advisory Community
advertisement

Content tagged "Betterment"



Ashley Fieglein Johnson earned close to $1 million in total compensation last year but a $12 annoyance bank fee charged to her five-year-old son was a big reason she joined Wealthfront.

Two ways of reading Wealthfront's inscrutable hire of a power CFO -- one it may not really need anytime soon
The Palo Alto-based robo-advisor may have tapped Ashley Fieglein Johnson to raise more VC -- or just because it doesn't need to count every bit of cash it burns

Wednesday 8.19.15
Jon Stein frequently rolls up his sleeves to handle Betterment investor queries as part of his non-robo strategy.

Consumer Reports names Betterment in top five for customer service with USAA, Schwab, Vanguard and T. Rowe Price
The recognition flies in the face of a bias against that says robos can't hold hands with their bony robot fingers

Friday 8.14.15
Jon Stein: I'm loath to play this game, but my PR team insisted that I set the record straight.

Wealthfront CEO flames Betterment's 'outrageous' fees and 'abhorrent' ways; Betterment strikes back labeling the screed a Trumped-up PR play
In all-out blog war, Adam Nash accuses Betterment of 'payday lending' and Jon Stein decries Wealthfront's cynical 'hatchet job'

Thursday 7.9.15
Alexey Sokolin:  If Stein and Bo Lu of Future Advisor are right, there will not be much left to unbundle.

An insider reveals turbo-contents of the In|Vest conference in New York, a summit of VCs, robo-founders and big banks
SigFig's Mike Sha talked Bank of the West, Motif's Hardeep called start-ups 'features' and the five-year number jumped to $2 trillion

Monday 6.22.15
Pete Hess: This business is addictive.

Pete Hess will shop for software firms to build in-house Black Diamond bundle
The Advent CEO says his firm, under SS&C ownership, will consider buying CRM, financial planning and rebalancing firms

Thursday 6.18.15
Charles Goldman carries on the kind of side conversation that makes the Tiburon CEO Summit wheels spin.

Top RIA takeaways from my trip to New York City and my stop-by at the Tiburon CEO Summit
My trip spanned Midtown (Envestnet), the Flatiron District (Betterment) and Wall Street (periphery of the Tiburon CEO Summit)

Monday 4.13.15
Jon Stein: It's basically a nonevent. I don't think they're going after the same customers.

Schwab's robo launch stimulates sign-ups at Betterment and Wealthfront -- and itself
Schwab Intelligent Portfolios' wake is lifting the fortunes of independent robos, say CEOs gathered in Manhattan for the Tiburon CEO Summit

Wednesday 4.8.15
Adam Nash: When you start handling large accounts, you start having to deal the problems that come with them.

Wealthfront throws engineering at its large-account 'problem'
The Palo Alto-based automated money manager addresses tax slippage from transfers of HNW accounts to its website

Monday 2.23.15
Jon Stein: Every month is bigger than the last.

On strength of $1.4 billion of AUM and 90 RIA clients, Betterment raises $60 million of VC funding as it looks to disrupt RIA custody
The New York City-based robo added $1 billion in 11 months and (sources say) has bigtime RIAs contemplating it as a primary platform, CEO Jon Stein says

Thursday 2.19.15
Steve Lockshin: The long play is as this generation of advisors turns over that we’ve created the time and space for advisors to focus on things that give their clients joy.

Debriefing a post-Convergent Steve Lockshin as he once more builds a classic RIA -- or is it neo-classical?
AdvicePeriod's chief says he won't poach Convergent (if he can avoid it) and hopes that his $300-million RIA will have a Betterment feel

Thursday 1.8.15
Wealthfront is the robo-advisor most associated with the term -- and with the founder, Andy Rachleff, who hates it most.

What exactly are robo-advisors, why did they steal the 2014 show and what will a 2015 repeat take?
We're talking 500 people, $250 million in capital with identifiable characteristics and 5,000 nervous legacy providers

Friday 1.2.15
Adam Nash: We thought we were launching a product, but it turned out we were launching a category.

Wealthfront's high-net-worth cat leaps out of the bag -- keeping it one robo 'pivot' ahead of Schwab
The Palo Alto firm with $1.7 billion of managed assets reveals that its little secret is big accounts

Friday 12.19.14
April Rudin: I couldn't help but wonder about the promotional logic that led an online firm to consider using such an offline idea as outdoor advertising.

April Rudin taxis in to Betterment HQ to see how the robo-advisor will fare
Jon Stein's astounding goal is $1 trillion of assets and our marketing expert went in search of a marketing plan, or notion commensurate with the challenge

Monday 12.15.14
Jon Stein: Efficiency is streamlined, but with human checks throughout the process.

How to hold 1,000 hands: Robo CEOs lay out a stark choice for traditional advisors at MarketCounsel Summit
RIAs who comfort themselves with the thought that automated advice caters to their 'non-core' clients are in for a rude shock

Monday 12.15.14
Jon Stein: It's thousands and thousands of dollars instead of $8.

Betterment's bad-news play at getting in good with RIAs and investors
The NYC-based auto-advisor will flash tax ramifications at investors as they test drive trades

Thursday 10.30.14
Jon Stein: We've been working on it for the last six months. We wanted to wait until tax loss harvesting and trust account support was in place.

Fidelity and Betterment sign a deal with Steve Lockshin and Marty Bicknell as groomsmen at the altar
The RIA principals are distributing the online asset manager service to fellow RIAs, and Fidelity is quelling an uproar of demand from RIA clients for robo answers for the mass affluent

Wednesday 10.15.14
Walter Bettinger: We are fast at work.

What's up with Schwab getting into the robo-style online advice business and is Windhaven the linchpin?
Walt Bettinger's options for building using existing ETF portfolio capabilities or buying one of the many robos in existence point to a no-lose move

Friday 7.25.14
Karin Risi is leading Vanguard's efforts to take on the 'robo' threat -- and the numbers are already on her side.

How Vanguard Group's robo-countering effort got to $1.3 billion of AUM so easily and why its future seems bright
Executed almost shyly, the hints-of-vanilla Malvern indexing giant is the unlikely Silicon Valley nemesis in automated services

Thursday 6.26.14
Michael Kitces: Most of the Wall Street firms will be reluctant to bypass advisors and go direct to investors.

Thoughts on 'robo-advisors' served cold, compliments of Kitces and Waymire
With the potential for channel conflict, wirehouses are the most handcuffed in thwarting automated financial 'advice'

Sunday 6.15.14
Mike Sha: Most people have a lot of dirty laundry that needs to be cleaned.

Why Mike Sha has a 2015 goal of $1 trillion in robo-assets for SigFig and where Marissa Mayer fits in
The ability of the ex-Amazon whiz to make slippery YahooFinance users sticky appears to be the get to launch this fueled-up rocket

Tuesday 5.27.14
Hardeep Walia: Our vision for our advisor platform is an open architecture DFA.

The two big moves Motif is making as Goldman Sachs and J.P. Morgan invest part of new $35-million raise
The San Mateo start-up online broker will take its act overseas and build out a smart beta effort with Dimensional Fund Advisors' hundreds of billion of AUM in mind

Tuesday 5.13.14
Jon Stein: I think anything's possible. That  [Betterment RIA business] could be the larger business [than the retail one] in the long term.

How Jon Stein plans to make the most of $45 million of VC money in remaking the RIA business
The Betterment founder says he is open to his B-to-B, read RIA unit, knocking his B-to-C business out of the spotlight

Tuesday 4.22.14
Charles Goldman: We bought the firm hoping the CEO would be there.

Charles Goldman speaks from the CEO Summit hotel about what he didn't see coming at AssetMark and how it changed his life
The Fidelity and Schwab veteran is criss-crossing the country as managing principal rather than part-time coach

Thursday 4.10.14
Steve Lockshin: I wrote a big check.

Tiburon CEO Summit extrudes big news: Betterment Institutional is born
Steve Lockshin lays out his plans for TAMP-like venture and how Michael Kitces, a public critic of the Betterment CEO, very much fits in

Tuesday 4.8.14
Brooke Southall: By using 'robo' we say to snippy entrepreneurs: Take your cutesy website, your fancy VC backing, your geeks and your Harvard, Stanford or MIT degree and go back to your ivory tower.

Why I find the term 'robo-advisor' objectionable and unhelpful
In the end, all good advisors will likely be both bionic and biological and terms of art creating a false distinction are unhelpful

Tuesday 4.1.14
Rob Foregger left Personal Capital to found NextCapital, which has a rare attribute -- big managed assets.

How one 'robo-advisor' got $25 billion on its platform with a Mint.com mindset, 401(k) friendliness, a merger and 16 years of work
NextCapital has deals with Barron's, Dow Jones and Russell Investments as part of a brick-by-brick history in a put-up-your-robo-shingle world

Monday 3.31.14
Brooke Southall: There are only so many flavors of trust, integrity and character.

The 10 biggest threats to the RIA business heading into 2014
The fiduciary planning model is taking shots from every angle but the jugular looks inaccessible

Friday 12.27.13
Ric Edelman:  Either they will die, or more likely, they will alter their business model.

Ric Edelman tells how he succeeds in advice's Death Valley -- online investing
For one thing the RIA maestro with $18 billion of advised asset charges full boat and people are an option

Friday 12.20.13
Jon Stein: There are situations where technology -- algorithms may be a better way of saying it—are more effective that a human advisor would be.

Betterment's Jon Stein talks human-RIA coopetition but breathes fire about fellow online RIAs
The 34 year-old CEO sees 300-fold growth to $100 billion, partially fueled by classic RIAs, and not much competition from Wealthfront and the like

Friday 11.22.13
Andy Rachleff: We're trying to build a business that attracts tens of billions or hundreds of billions of dollars.

Wealthfront raises a cool $20 million from VCs to pursue a big slice of a $1 trillion market
The Palo Alto fast-grower brought aboard a LinkedIn veteran who played a role in the 20-million- to 200-million-member jump; a VC tells how he 'leaned forward in his chair'

Friday 3.22.13
John Furey:  Ignoring changes to the market could be dangerous and outright irresponsible.

How RIAs are becoming as complacent as wirehouses -- and what it'll take to snap out of it
There is empirical evidence that challenges are increasing but also reasons to believe they can be met

Monday 12.10.12
Ric Edelman: We need to serve the 99% that hate us, not just rich people.

Ric Edelman is looking to add a $1-billion RIA elephant even as he unveils an online consumer strategy aimed at the chipmunks
Already Barron's No. 1 with predominantly a mass-affluent game, the radio dynamo is ready to invest private equity to add a quick $1 billion of AUM

Monday 10.29.12
Joe Duran: Your competition will not be Merrill Lynch. It will be the big players with value that you can't match.

Joe Duran lays out his latest case for why wirehouses -- and classic RIAs -- risk losing out to a coming oligopoly of new-model holistic firms
The coming 'life management' model won't be addressed by the big guys or the little ones in this very young industry, says the United Capital CEO

Friday 9.21.12
Kent Smetters: One of the pain points of a TAMP is that it takes so long to put together a plan.

LPL Financial rolls up an unusual RIA to use as a cornerstone of its TAMP-like mass-market venture
The big broker-dealer is buying Veritat Advisors, renaming it NestWise, and using a Wharton professor's technology to crack the case of managing multi-hundred-client practices

Tuesday 7.10.12
Jack Waymire: Mathematicians are not chief investment officers, analysts or portfolio managers.

Online RIAs will mostly fail -- and here are 10 reasons why
Firms like Personal Capital, Covestor and Betterment are garnering both media attention and big VC bucks -- but backers severely underestimate the tie between investor and advisor

Thursday 5.24.12
Pig ugly? The offending image on Betterment's blog post

After outcry, Betterment 86's (but not on purpose) a blog post inflaming advisors
BrightScope and Josh Brown lead charge against up-and-coming web-based investment management companies for their bad-itude against advisors

Friday 5.4.12

From the RIABiz Directory »

The Industry Sourcebook for RIAs



Browse All Archives


2015


    September
    August
    July
    June
    May
    April
    March
    February
    January

2014


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2013


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2012


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2011


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2010


    December
    November
    October
    September
    August
    July
    June
    May
    April
    March
    February
    January

2009


    December
    November
    October
    September
    August

Most Emailed Stories »

Lowell Putnam: Our vision is to take data that used to take weeks or months and we want to get that to advisors on a daily basis.
37 shares
Quovo rakes in $4.75 million from VC backers and a triumvirate of angel RIAs: Carson, Bicknell and Lockshin

Eric Clarke [r.] next to brother Todd: They didn't even blink an eye about our expansion proposal.
20 shares
How Orion's parent company -- NorthStar -- is recovering, Omaha-style, from underestimating space needs by 45,000 square feet

Edmond Walters is making an exit, as bold in nature as his entrepreneurial reputation.
16 shares
Edmond Walters bolts from eMoney and Fidelity Investments scrambles to manage the jilt

Bill McNabb: It's OK to ignore volatility—that's part of the plan.
6 shares
Vanguard urges considered inaction -- not knee-jerk reaction -- to market's wild ride

Dave Mrazik: This is, without question, a defining moment.
1 shares
Citing 'Moss Adams' vision, MarketCounsel makes 17th hire in nine months


Get the RIABiz Today
Email Alert »