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FutureAdvisor responds to Schwab's market entry with a truly free offer and big backing from Fidelity and TD Ameritrade

The San Francisco-based RIA is automating parents' investments into 529s, Coverdell ESAs, UTMAs or UGMA for tax-free savings, no paperwork

Admin:
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Call-center associates and engineers sit side by side at Future Advisor's gritty San Francisco digs.

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July 23, 2019 at 4:30 AM

Apex nabs Jon Patullo from 'Schwabitrade' to 'raise the bar' and make his new firm's RIA system as 'frictionless' as the old one

The loved and admired TD Ameritrade software chief will bring his playbook -- and possibly Schwab's -- to Apex, which continues to try putting a winning front-end on its old Penson backend, a source says

October 11, 2022 at 12:40 AM

UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture

Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.

July 16, 2022 at 1:35 AM

Robinhood gets 'brilliant' upper manager -- and a spare CEO -- by nabbing TD Ameritrade's ex-thinkorswim top exec, hopefully to throw a lifesaver to Robinhood's sinking stock

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See more related moves

Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Wealthfront
Portfolio Management System
Top Executive: Andy Rachleff




LCD

LCD

May 7, 2015 — 6:50 PM

What are you people smoking, Future Advisor takes on Schwab, probably the best marketing company the industry has ever seen and they are just getting started, not to mention Vanguard who just went down market to $50k and had $17B prior in just two years in a pilot program. When all these companies go the way of Learnvest, if they are lucky, what are you going to have to write about.

brooke southall

brooke southall

May 7, 2015 — 9:20 PM

LCD,

Your comment is received with gratitude. If we’re not smoking, we are at least drinking the Kool-Aid. I stand by my comments but with the humble understanding that you may be spot on. [Though there is always plenty to write about!]

Still, realize that Vanguard is not a robo-advisor. It is virtually a pure human advisor business, though we, too, lump it in at times in robo-discussions and it competes on price with robos. Learnvest is also heavy on humans.

Schwab is blowing people away in terms of gross asset numbers but arguably its marketing has been to little effect. Virtually all of those assets were won from itself. That could change.

Brooke

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