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.”  Continue reading Robo-advisor platform aimed at small investors launched

Investment industry embraces and fears robo-advisors – but bionic advisor may be the better answer

robo advisor

High net worth investors need and want human advice backed by technology for better recommendations, reporting and access, says InvestEdge

The future of investment advice isn’t a battle of man versus machine, according to a commentary from InvestEdge.

The investment industry is excited – and fearful – about the rise of “robo-advisors”, systems that give automated investment advice. Robo-advisors offer investors lower costs and minimums, and some worry they will wipe out traditional “human” investment guidance. Continue reading Investment industry embraces and fears robo-advisors – but bionic advisor may be the better answer