A big question mark is hanging over the hottest trend in investing
By Frank Chaparro
Betterment’s CEO and founder, Jon Stein, doesn’t think pure robos have to worry about a correction. Betterment, a firm many consider the poster child of roboadvice, rolled out a suite of hybrid services that pair human help with its computerized financial advice. Nevertheless, Stein said the question of whether pure robo players could weather a financial storm was a “prop” used by mainstream firms in the industry to save their market share.