FYI: When the Charles Schwab & Co. selected the 54 funds that would go into its robo-adviser, it extended an olive branch to its rival, the Vanguard Group Inc.
Schwab is using a dozen Vanguard products in the robo-advice platform, Intelligent Portfolios, almost as many as the 14 of its own exchange-traded funds. That's a strong embrace by Schwab of its largest rival in the world of low-cost, index-tracking ETFs.
But Vanguard will not be returning the gesture. In its own direct-to-consumer digital advice platform, dubbed Personal Advisor Services, scheduled to debut by this summer, Vanguard is using only its own products.
Regards,
Ted
http://www.investmentnews.com/article/20150325/FREE/150329955?template=printart
