In the News


Weekend Reading for Financial Planners (Apr 2-3)

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Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with a slew of notable “robo-advisor” news, including Betterment raising a whopping new $100M round of venture capital as the company positions itself as the ‘leading’ robo-advisor, the announcement that Wealthfront is launched the “3.0” version of its platform with an increasing focus on using artificial intelligence to power advice, and the news that Fidelity is expanding its new robo-advisor “Fidelity Go” to a wider group of beta users with the plan to roll out to the broader public later this year.

Also in the advisor technology news this week was the ‘surprise’ announcement that Schwab would be discontinuing its own custom version of Salesforce that was bundled into its OpenView Integrated Office platform (in what is being dubbed a failure of bundled proprietary software over open architecture solutions), and the rollout of LinkedIn’s new “ProFinder” service where financial advisors can list themselves (amongst other types of freelancers) for other LinkedIn users to find.