Lisa Shidler

Jemstep makes “individualized advice” possible for Invesco which is constrained by prospectus from being client specific. It is a brilliant strategy which empowers wholesalers in very powerful ways which are client specific outside the reach of conventional mutual fund companies. There are limitless applications which can enhance the proficiencies of advisors in rendering advice resolving the inherent conflicts of b/ds supporting brokers in rendering advice (incurring fiduciary liability). The support of fiduciary duty may be more easily achieved by Jemstep/Invesco than by b/ds whose compliance protocol do not acknowledge their brokers render advice. Jemstep/Invesco can illustrate how a recommendation impacts all a client’s holdings as a whole which is a fiduciary duty and greatly elevates the role and counsel of the broker. Advisory services innovation is taking a different form than anticipated, but in doing so, Invesco wins big. Active management can add value and Invesco can now show how.

SCW Stephen Winks

How exactly Invesco plans to get a return on its Jemstep robo purchase with a TAMP-evoking strategy

Peter Intraligi: This is completely open architecture.

TD Ameritrade

Orion

Invesco

Aite Group

Jemstep

Celent

Alois Pirker

Will Trout

Simon Roy

Jasen Yang

Peter Intraligi

Stripped down to its essentials, financial advice is a fairly straightforward proposition. Done well, a highly ethical individual stewards the assets and actions of an investor in a personal and professional interchange.
 
But now a vibrant new class of entrepreneurs is staking their fates and their fortunes on the premise that financial advice can be delivered in a better, cheaper, easier, more ethical, more transparent manner and, as a bonus, in a way more devoid of human annoyance on both ends of the transaction.
 
Cue the robo-advisors, arguably a callous misnomer for automated asset management. 
 
The prototypical robo-advisory entrepreneur has more brands on his or her resume than NASCAR. The bona fides of these industry upstarts often include Ivy-level colleges and MBA programs at Harvard or Stanford. They are often flush with IPO dollars realized at concerns like LinkedIn, Facebook, eBay, Amazon  and Microsoft. 
 
Robo-folk believe that technology is not an enabler of advice but rather, if engineered correctly, advice itself in digital form. 
 
And, they believe the best solutions originate in Silicon Valley or academia, not Wall Street. Robo-entrepreneurs are white-boarding the whole business model, culture and technology from scratch in the conviction that little can be learned from a legacy advice system still rooted in an investment banking culture acting under the core premise that if stockbrokers get rich some of the good effects will trickle down to clients – with the clients none the wiser. 
 
Robo-advisors are a scintillating topic for students of the advice game as they grow by hundreds of millions in assets every month, constantly evolve their business models and receive cash infusions from ever-larger swaths of venture capitals.
 
Throw in the fact that robo-advisors have yet to see a dime in profits -- and won’t in the foreseeable future -- and you have real intrigue. 
 
RIABiz has avidly covered the fast-evolving robo-advice phenomenon and will continue to do so. We present the growing body of articles here.

Robo-Advisors

The RIA business has many tech vendors working hard to serve its diverse needs, and we're seeing technology become a more crucial part of setting up and running an RIA than ever before.

The Technology section includes unbiased tech reviews, tech-related news, and coverage of tech-related conferences.

Technology

The $800-billion Atlanta money manager is trying a modern model portfolios play on buying distribution for a more prominent seat at the table

How exactly Invesco plans to get a return on its Jemstep robo purchase with a TAMP-evoking strategy

Stephen Winks

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