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WSJ

A New Wave of Apps for Wealthy Investors

 

By Liz Moyer

The banks are facing challenges from, among others, startup investment-management firms such as Betterment that interact with customers almost exclusively online, in effect replacing traditional wealth managers and financial advisers with computers.

At New York-based Betterment, 60% of its roughly 40,000 clients use the firm’s mobile app, while more clients access their accounts through the app than through the firm’s website.

 

Read the Original Article

This article originally published July 11th, 2014 on WSJ

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