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RBC Wealth Management adds NextCapital to its robo lineup with a head-scratching explanation about its earlier pick of FutureAdvisor

It appears Rob Foregger's robo-come-lately has leapfrogged its bigger, better-funded automated portfolio offering -- although the 'why' of it is open to interpretation

Monday, November 21, 2016 – 6:51 PM by Irwin Stein
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Brett Thorne: It is always up to the individual advisor working with the client to assess the client’s goals and to help the client get the right investments.

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Brett Thorne


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August 9, 2022 – 1:57 AM

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August 10, 2021 – 11:46 PM

With fears rising that robo-advisors can disrupt $2-trillion target date fund universe, NextCapital raises fresh $30 million and wins five big customers, but can its software spur widespread TDF adoption?

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September 22, 2020 – 8:59 PM

With IPO clock at 10-years and ticking, Personal Capital makes two big, out-of-character moves to go upmarket and downmarket

With $9 billion in assets, the Redwood City-based national RIA hired the ex-Virgin America CMO Porter Gale to make one brand investors associates with both the freebie tools and the full-priced financial advice its advisors provide mostly from call centers

March 22, 2019 – 7:55 PM


Mentioned in this article:

RBC Advisor Services
Specialized Breakaway Service
Top Executive: Brett Thorne




Stephen Winks

Stephen Winks

November 25, 2016 — 4:52 PM
ROBOs just take advantage of electronic data in rendering a more comprehensive form of advice and monitoring. Presently no ROBO has incorporated expert prudent process (asset/liability study, investment policy, portfolio construction, performance monitor) that puts "financial services" (authenticate back to objective, non-negotiable statutory fiduciary criteria) back into the financial services business. When that occurs, ROBOs become part and parcel to the rendering of advice. SCW

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