When Robo Advisers Struggle to Scale
While automated client service now plays a key role for many advisory firms, investors who accumulate substantial assets will always want and need a human adviser, especially when markets are volatile.
Empower to Acquire Digital Adviser Personal Capital
Personal Capital will be positioned to serve plan participants who seek a combination of digital and human advice while helping to accelerate the capture of rollovers and other out-of-plan assets, the firms say.
Franklin Templeton Confirms Acquisition of AdvisorEngine Inc.
The digital wealth management platform serves some 1,200 financial advisory firms across the United States that collectively manage over $600 billion in assets.
Advisers Moving to a Client-Centric Model
Advisers are using new planning models and smarter technology, including automation, so that they can offer personalized service, SEI finds.