There’s been a lot of noise as of late from robo advisors attacking one another over their fee amounts. It’s a shame that they’re taking shots at each other, because a number of players out there are offering something really unique for investors.
Robos can, and should, be inexpensive. But when it comes to fees, there seems to be a race to the bottom in play. With new entrants into the industry including those from legacy financial services companies, the robo model is beginning to look commoditized, with a focus on slimming fee structures and providing off-the-shelf algorithms in return.
But more and more, we hear from our clients that they have complicated financial lives that go beyond what a robo can manage. So what is our take on fee structures? Find out here in our inaugural post on Medium.
Latest posts by Bill Harris (see all)
- Luis A. Aguilar Joins Personal Capital’s Board of Advisors - June 6, 2017
- Passing the Torch - April 24, 2017
- The Big Banks’ Plan Would Weaken Cybersecurity of Consumer Bank Accounts - February 20, 2017