الخميس, 12 تموز/يوليو 2018 10:06

Robo Advisors are Dying

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(New York)

While it is the first high profile closure of a robo advisor in recent memory, it feels like the start of a big change in the industry. This week, robo advisor Hedgeable announced it was closing its doors. The platform was a smaller rival to Betterment and Wealthfront and was founded by two former employees of Bridgewater Associates. The platform received a good deal of media coverage and tried to differentiate itself via a unique offering. However, it was unable to attract sufficient assets to keep operating. The $80m it had in client AUM will now be passed on to Folio.


FINSUM: All the VC money that was funding these robo advisors is going to start running out, which means a mass wave of consolidation is coming.

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