10 Brands That Are Taking Off
By Caroline Banton
Robo advisory services will take off in 2016. These online services provide low-cost algorithm-based portfolio management advice tailored to clients’ needs and risk profiles. They include start-up companies and fund giants. Betterment is one such company.
Andy Brantner, chief financial planner with StartInvestingOnline.com, said Betterment “hit $3 billion in assets under management this year, making it the largest automated investment service (and) making them a definite winner.”
According to Investment News, the company will offer 401k plans to employers in 2016 in a new platform called Betterment for Business. The automated investment platform will compete against Vanguard Group, Prudential, Fidelity Investments and other industry giants.Read the Original Article
This article originally published December 1st, 2015 on GOBankingRates