Source reports on robo advice services at Vanguard; the firm's Personal Advice Services is a hybrid robo advice offering with $83 billion in assets under management; it is anticipated that it will be the first digital platform to cross $100 billion; firm is adding certified financial planners to its call centers for clients in Scottsdale, Arizona and Charlotte, North Carolina as an enhanced hybrid offering. Source
Raisin has over 100,000 customers and launched investment products for their customers in Germany; customers will be able to choose from index or exchange traded funds from Vanguard or DAB BNP Paribas that cost less than .5%; Germany is a newer market for Vanguard which listed its ETFs on the German stock exchange last year. Source
Money Dashboard integrates with Revolut and Marcus; hires CFO Fifth Third Bank Files Application with Office of the Comptroller of...
Asset management divisions within big banks have always been a solid revenue source but recently they have taken on greater...
Vanguard and Ant Financial have a joint venture and have created a new robot adviser to market to Ant’s 900...
The $5tn mutual fund manager announced that they have successfully tested blockchain technology to automatically update data on index funds; types of data in the test included names and share prices of companies in index funds; the company stated they are not looking to blockchain to replace workers but give them more freedom to focus on other tasks; Vanguard follows other big name firms who have tested uses of the technology recently. Source.
Forbes reports that Vanguard is leveraging blockchain technology to ingest data on mutual funds totaling $1.3 trillion of their $5.2...
Ant Financial owns the world’s largest money market fund and has just struck a joint venture with the Shanghai subsidiary...
Vanguard already has a more hybrid offering which was paired with human advisors but is now launching a digital only...
Vanguard has joined the growing trend of providing low cost advice for retirement with the launch of Digital Advisor; Digital...