Jon Stein’s Betterment Develops “Robo-Adviser”
By Vered Weiss
Betterment, a digital investment management firm, announced an automated “rob-adviser” for advisory firms. The service allows clients to simplify time consuming tasks such as rebalancing portfolios and tax-loss harvesting, as reported by Investment News. One of Betterment’s clients using the new service is Fidelity Institutional Wealth Services, among 25 others, said Betterment CEO Jon Stein.