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