Is the twilight of the robo-advisor already at hand?
By Andrew Osterland
Jon Stein is putting on a brave face, but the market is turning against the CEO of the largest stand-alone robo-advisor in the country.
“I doubt we’ll be the last robo-advisor standing, but it’s possible,” said Stein, who launched his firm, Betterment, in 2010. “We’re building the future of investing, and we’ve always expected to have lots of competition.”