The Switzerland-based private bank designed its latest mobile app, dubbed CSX, to address all financial services needs in a single smartphone app, and it has tacked on 100,000 new clients in the process.
While wealth management firms are spending big on updates — with 31% introducing major feature updates this year — legacy technology and the complex array of services offered by wealth apps have presented unique challenges.
Constant technological evolution means that the work-from-home trend was likely always to take root. But because of the pandemic, it arrived faster than anyone could have imagined.
After a summer of sale rumors, Wealthfront Corp. is now reportedly on the block, capping years of significant development toward a fully automated investment platform.
The agency issued a risk alert and deficiency letters to almost all of the robo-advisers examined, citing shortcomings in how the companies manage portfolios and disclose conflicts. The alert could signal future enforcement actions.
As the stock market slowed in the third quarter, investors continued to process multiple market influences underscored by supply chain disruptions and pent-up demand from reopening economies.
Schwab is working on its own internal Personalized [Direct] Indexing solution, which is expected to become available to both its retail investors and the registered investment advisers on its platform, in what Schwab itself describes as a “freight train” coming for mutual funds and ETFs.
Citigroup’s latest hiring push comes as the country’s biggest banks increasingly look for ways to expand into the wild world of cryptocurrencies.
Oftentimes we see the same old and do the same old in marketing because we’re too afraid to do anything different. What would our customers think? What would our competitors think?
InvestCloud Inc., a financial-technology provider whose backers include JPMorgan Chase & Co., is in the early stages of considering an IPO, amid strong investor demand for asset-management software providers.
Vestwell plans to expand its presence in the state auto-IRA and college savings markets, announcing a deal Tuesday to buy BNY Mellon’s Sumday subsidiary.