Which robo-advisers got off to the fastest start in 2016? 

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These online automated investment platforms gained the most assets in January

Almost all robo-advisers have grown in some shape or form between the start of last year and this year. Some of the well-known online automated investment platforms that embraced a business-to-business model have grown tremendously. Take Betterment, which has Betterment Institutional and now Betterment for Business — it has grown to more than $3 billion in assets under management compared to $1.1 billion, where it was in January 2015. Future Advisor started at $232 million in January 2015 and now has $695 million, after being acquired by BlackRock this summer. Hedgeable hit $3.5 million, up from just a third of a million in the first month of last year.

Even Acorns, which takes consumers’ leftover change from bank account purchases and makes a portfolio out of them, has spiked up significantly.

And of course there are the giants. Vanguard and Charles Schwab & Co. made a splash in the first half of 2015 when they launched their own automated platforms called Vanguard Personal Advisor Services, a hybrid model; Schwab Intelligent Portfolios; and adviser-facing Schwab Institutional Intelligent Portfolios.

These numbers are from the company’s most updated SEC Form ADVs, except for Charles Schwab & Co. and Vanguard, which come from company earnings.

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Source: InvestmentNrews – Which robo-advisers got off to the fastest start in 2016?

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