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Schwab 'Robo-Adviser' Bets Big On Cash And 'Smart' Beta
UPDATE Schwab to launch adviser robo in Q2; consumer version unveiled today 'Chuck' officially introduces Intelligent Portfolios; will offer adviser model in Q2
By Alessandra Malito | March 9, 2015 - 11:06 am EST
The announcement came on Monday following the launch of Intelligent Portfolios, an algorithm-based investing platform to build, monitor and rebalance diversified portfolios.
The program, which will be free to consumers, will assess an investor's goals and risk tolerance with a set of questions. Investors with $5,000 will receive recommendations based on their answers. The algorithms will assist clients in building and managing their portfolios in low-cost exchange-traded funds with up to 20 asset classes.
“This really is about expanding the number of people who could get advice,” Naureen Hassan, executive vice president of investor services, segments and platforms at Schwab said.
FROM SCHWAB Investing has changed forever. Introducing Schwab Intelligent Portfolios™. "If you have time for a cup of coffee, you have time to start investing with Schwab Intelligent Portfolios." https://intelligent.schwab.com/
Comments
http://thefinancebuff.com/schwab-intelligent-portfolios-holding-cash-is-good-for-you.html
Comparison of Schwab with Betterment and Wealthfront.
Schwab to launch adviser robo in Q2; consumer version unveiled today
'Chuck' officially introduces Intelligent Portfolios; will offer adviser model in Q2
By Alessandra Malito | March 9, 2015 - 11:06 am EST
The announcement came on Monday following the launch of Intelligent Portfolios, an algorithm-based investing platform to build, monitor and rebalance diversified portfolios.
The program, which will be free to consumers, will assess an investor's goals and risk tolerance with a set of questions. Investors with $5,000 will receive recommendations based on their answers. The algorithms will assist clients in building and managing their portfolios in low-cost exchange-traded funds with up to 20 asset classes.
“This really is about expanding the number of people who could get advice,” Naureen Hassan, executive vice president of investor services, segments and platforms at Schwab said.
Intelligent Portfolios the San Francisco-based firm's first entry into the robo field, and is expected to give stiff competition to companies such as Wealthfront and Betterment, both of which focus on automated investing.
http://www.investmentnews.com/article/20150309/FREE/150309923?template=printart
FROM SCHWAB
Investing has changed forever. Introducing Schwab Intelligent Portfolios™.
"If you have time for a cup of coffee, you have time to start investing with Schwab Intelligent Portfolios."
https://intelligent.schwab.com/