robo advisor

Robo-advisor platform aimed at small investors launched

robo advisor

A financial services company called Ladenburg Thalmann has launched a robo-adviser called $ymbil, apparently aimed at small investors. 

The company describes it as a self-service investment platform that matches clients of Ladenburg affiliated advisors to a diversified portfolio consistent with their personal risk tolerance. Requiring a minimum investment of $500, $ymbil allows clients to fund their accounts and start investing in minutes.

“With $ymbil, we are helping advisors address the growing demand for wealth management services that harness the combined benefits of automation and human insight,” said Adam Malamed, Ladenburg’s chief operating officer. “$ymbil appeals to financial advisors and investors looking to maximize the benefits of technology with automated client registration, account administration, reporting and operational efficiencies.” 

Malamed added: “The launch of $ymbil comes along with a series of product and service innovations that Ladenburg has introduced into the marketplace. As our growth continues, advisors will benefit from an expanding suite of features and tools on the $ymbil platform that complement traditional wealth management services. This is a time of innovation in the financial services industry. On behalf of the 4,000 independent financial advisors affiliated with our network, Ladenburg plans to remain on the cutting edge.”

$ymbil uses proprietary scoring methodology to recommend portfolios in multiple risk categories. The portfolios use globally diversified asset allocations tactically managed by Ladenburg Thalmann Asset Management. With the introduction of $ymbil, Ladenburg continues to evolve its suite of products and services built for advisors.

“We will continue to provide solutions such as $ymbil to empower our advisors to broaden their client relationships and sharpen their competitive edge,” said Philip Blancato, CEO and president of LTAM. “$ymbil was built with clients and advisors in mind, designed as a simple solution to enable advisors to refer clients and maintain long-term relationships. As the needs of our advisors and their clients evolve, we will continue to develop $ymbil as a robust resource.”

Blancato noted: “While advisors enjoy the convenience and accessibility of $ymbil, they will also take comfort in the rigorous investment discipline of the diversified portfolios available through the platform. They are actively managed by a seasoned investment team that employs strategic asset allocation and tactical decisions to capitalize on market conditions and unique investment opportunities.”

Ladenburg’s affiliated advisors can access $ymbil through The Ladenburg Wealth Management Advantage, a suite of comprehensive wealth management tools, services and resources offered by Ladenburg and its companies, including capital markets and investment banking services, asset management programs, trust services, and sophisticated insurance solutions.