After providing his financial services to clients without charge, WiseBanyan has decided it’s time to generate revenue on the $50 million the automated brokerage platform has under management. The firm is rolling out a tax reduction strategy on investments that the firm says provides a winning return on investment for its generally middle class investor base with under $100,000 or less in assets under management. The move highlights how robo advisors work to differentiate their services — and generate fees in the low fee industry. Robo advisor industry – driving fees lower and lower as human minimums likely to rise When Betterment…
Robo Advisor Works To Expand Services And Fees
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.