{"id":1263,"date":"2020-12-13T02:43:00","date_gmt":"2020-12-13T07:43:00","guid":{"rendered":"https:\/\/navesinkinternational.com\/Staging\/?p=1263"},"modified":"2023-12-20T02:53:24","modified_gmt":"2023-12-20T07:53:24","slug":"betterment-and-wealthfront-on-the-brink-of-major-changes","status":"publish","type":"post","link":"https:\/\/navesinkinternational.com\/2020\/12\/13\/betterment-and-wealthfront-on-the-brink-of-major-changes\/","title":{"rendered":"Betterment and Wealthfront on the brink of major changes"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/navesinkinternational.com\/Staging\/wp-content\/uploads\/2020\/12\/Betterment-landscape-1-300x201.jpg\" width=\"300\" height=\"201\" alt=\"Betterment - landscape\" class=\"wp-image-1520 alignright size-medium\" srcset=\"https:\/\/navesinkinternational.com\/wp-content\/uploads\/2020\/12\/Betterment-landscape-1-300x201.jpg 300w, https:\/\/navesinkinternational.com\/wp-content\/uploads\/2020\/12\/Betterment-landscape-1-480x322.jpg 480w, https:\/\/navesinkinternational.com\/wp-content\/uploads\/2020\/12\/Betterment-landscape-1.jpg 609w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><span>If you are not in the RIA space, you may have missed a profound change in the area. Robo-advisors are taking a solid market share, and their AUMs are now in the multi-billions. The big boys (Fidelity, Vanguard&#8230;), were actually forced to create their own such services not to be left out of this new segment.<\/span><\/p>\n<p><span>Robo-advisors are not really growing at the expense of the usual wealth managers (which still better grasp complex situations), but are concentrating on the under-served low AUM investors. Robos charge a fraction of the existing management fees, thanks to artificial intelligence. They only offer the human touch past a certain $ nominal, therefore bringing the number of advisors per client really low. In fact, Robos also help the usual RIAs with the practical aspects of asset management (cash handling, rebalancing&#8230;).<\/span><\/p>\n<p><span>Two leaders, Betterment and Wealthfront, are preparing for the next step of their growth. This article gives an idea of how the senior changes should impact their future.<\/span><\/p>\n<p>Credit to <a href=\"https:\/\/www.linkedin.com\/in\/brooke-southall-a48a3a12\/\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"LinkedIn - Brooke Southall\">Brooke Southall<\/a> at <a href=\"https:\/\/riabiz.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">RIABiz<\/a>.<\/p>\n<p><iframe src=\"https:\/\/riabiz.com\/a\/2020\/12\/8\/jon-stein-ousts-himself-as-betterment-ceo-and-taps-sarah-levy-who-joins-an-exclusive-club-of-top-women-executives-with-a-mission-an-ipo\" width=\"100%\" height=\"650\" style=\"background: white;\" allowtransparency=\"false\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are not in the RIA space, you may have missed a profound change in the area. Robo-advisors are taking a solid market share, and their AUMs are now in the multi-billions. The big boys (Fidelity, Vanguard&#8230;), were actually forced to create their own such services not to be left out of this new segment.<\/p>\n<p>Robo-advisors are not really growing at the expense of the usual wealth managers (which still better grasp complex situations), but are concentrating on the under-served low AUM investors. Robos charge a fraction of the existing management fees, thanks to artificial intelligence. They only offer the human touch past a certain $ nominal, therefore bringing the number of advisors per client really low. In fact, Robos also help the usual RIAs with the practical aspects of asset management (cash handling, rebalancing&#8230;).<\/p>\n<p>Two leaders, Betterment and Wealthfront, are preparing for the next step of their growth. This article gives an idea of how the senior changes should impact their future.<\/p>\n","protected":false},"author":1,"featured_media":1520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12,11],"tags":[17,19,20,18],"acf":[],"_links":{"self":[{"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/posts\/1263"}],"collection":[{"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/comments?post=1263"}],"version-history":[{"count":1,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/posts\/1263\/revisions"}],"predecessor-version":[{"id":13089,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/posts\/1263\/revisions\/13089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/media\/1520"}],"wp:attachment":[{"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/media?parent=1263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/categories?post=1263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navesinkinternational.com\/wp-json\/wp\/v2\/tags?post=1263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}