Investing in the Digital Age: Why real-time data is a must-have for RIAs and long-term investors
The investment industry has created a classist system of haves and have-nots when it comes to information
Andy, thanks for this article and viewpoint. I am very familiar with http://www.wealthfront.com and http://www.covestor.com and I think it’s only a matter of time before transparency is no longer avoidable. One of the primary ways that money managers and financial advisors have relied upon for closing new business is their “secret sauce” investment strategy. There are very strong opinions about opening up the real-time portfolio closets due to the fear of losing this “imaginary” edge. Ironically though it is not simply the investment methodology that builds trust, it’s the consistency of results, communication, and follow through. There is a desperate need to regain trust in the industry and transparency could get us there! However, there is a lot of work to do in convincing money managers and advisors that this could be good for everyone.
CEO of http://www.wiredadvisor.com
Thank you for the response Stephanie. One of our money money managers told us “the good have nothing to fear” when it comes to transparency. We couldn’t agree more. Our elite group of money managers distinguish themselves by selecting investments that others overlook and earning outstanding returns as a result. They understand the value they bring is a consistent track record of beating the market, not in obfuscating how they actually do it.
Wealthfront's unlikely tapping of Sheila Bair and Tom Curry signals likely push to gain a bank charter, analysts say
The Redwood City robo-advisor's addition of two renowned former chief banking regulators brings legitimacy and guidance that could lead to a margin-fattening bank charter and help solve the robo-advisor's problem of high client acquisition costs.
December 31, 2020 at 4:37 AM
Wealthfront cedes to four years of investors clamoring for crypto by taking on expensive third-party vendor that Betterment rules out
The Redwood City, Calif., robo-advisor turned a hard 'no' into a soft 'yes' by dealing with Grayscale and its 200 basis-point-plus fees, which its robo rival in NYC -- also without a crypto path -- finds ludicrous.
August 14, 2021 at 2:20 AM
Oisín's Bits: Wealthfront drops old mission statement, declares war on institutions and emphasizes banking future • Seeking Utah charter, Edward Jones may become largest bank in US by branch count • After Advent chief leaves, Black Diamond head steps up
Andy Rachleff cans the old 'democratizing' mission statement at his robo; The 14,200 one-man Ed Jones branches may become branch banks; Steve Leivent consolidates power at SS&C.
July 3, 2020 at 1:12 AM
Broadridge CEO Tim Gokey gets Google Cloud's head of platform in his corner as he sets sights on wealth management cloud thunderclapper
Amit Zavery takes a Broadridge board seat as the New York firm--its shares skyrocketing in recent years--adds a wirehouse and makes wealth management a third pillar of growth
July 9, 2019 at 11:33 PM
Portfolio Management System
Top Executive: Andy Rachleff