The Top Robo Advisors: An Exclusive Ranking
By Alex Eule
Jon Stein, Betterment’s founder and CEO, all but started the robo movement with a presentation at TechCrunch Disrupt in 2010, when he was a 30-year-old entrepreneur. Today, the service is the largest of the independent robos, with $14.5 billion in assets under management across 375,000 customers. The service has no account minimum and charges a 0.25% fee on assets for its first tier of service. It places highest in our ranking in the “features” category, thanks to a robust offering of automatic deposits, rebalancing, tax-loss harvesting, and tax efficiency through municipal bonds.
Betterment and the other independent advisors have yet to face a bear market, but this year’s volatility has provided the best test, yet, of their staying power.Read the Original Article
This article originally published July 28th, 2018 on Barron's